The economic crisis and the Global Jobs Pact (1)
The economic and financial crisis spread quickly across the globe. Even though industrial countries were the first to be hit, the crisis rapidly extended to emerging and developing economies, which are now increasingly exposed to its consequences, moreover with relatively limited financial resources, inadequate institutional capacity and narrow policy space.
Since the crisis erupted, the ILO has been assessing its employment and labour market effects, and looking at ways to deal with it. Following the ILO Summit on the Global Jobs Crisis, and deliberations by government, workers' and employers' representatives and other leaders, on 19 June 2009 the General Conference of the ILO adopted the "Global Jobs Pact" (1), designed to guide national and international policies to stimulate economic recovery, job creation and the protection of workers and their families.
The ILO has been asked to:
• devote more resources to strengthening and enhancing social partners' ability to deal with the implications of the financial and economic crisis;
• design and implement relevant employment and decent work policies;
• promote experience-sharing among social partners.
Indeed, the rapidly evolution of the crisis and the complexity of public policy responses call for a special effort to make ILO tripartite constituents able to participate effectively in national and international policy debates on the crisis. This workshop is an initial step towards meeting those demands.
(1) The Global Jobs Pact is the ILO’s response to the global jobs crisis. It sets out principles for cooperation in responding to the crisis, together with a portfolio of measures that countries can adapt to their specific needs and situation. It recommends that governments and multilateral agencies consider: promoting measures that favour the development of sustainable enterprises; targeted, active labour market policies; investment in public infrastructure and “green” production and services; skills development and training; broadening social protection and minimum wages; and schemes to support the most vulnerable.