Published annually by the International Institute for Labour Studies - the research arm of the ILO ...
The 'World of Work Report 2011' shows that it
will not be possible to recover successfully from the Great Recession
unless social inequalities are addressed through well-designed policies.
Growing youth unemployment, income inequalities made worse as a result
of rising food and oil prices, and other social inequities undermine
support for pro-growth policies. They also entail a risk of social
unrest which has started to materialize in the Arab region, some Asian
countries and the Euro area. And they deprive the world economy from the
kind of income growth that is needed in order to ensure sustainable
economic recovery.
The report presents two scenarios for the
next five years: under business-as-usual, the world economy will remain
unstable, undermining employment prospects; by contrast, a strategy
which addresses social inequalities adequately will support employment
and sustain economic growth. Such a strategy is complex and faces
implementation hurdles as some groups resist change; the report shows,
however, that it can be achieved.
Executive summary - World of Work Report 2011
