The twin challenges of reducing poverty and creating employment

image of The twin challenges of reducing poverty and creating employment
This publication is based on papers presented at two Expert Group Meetings (jointly organized by DSPD and the ILO) that brought together specialists to undertake a review of progress in eradicating poverty and to analyse policy responses to the global jobs crisis in different countries and regions of the world. It calls for a reorientation of macroeconomic policies from the current heavy emphasis on short-term stability to the promotion of sustained, inclusive and equitable growth. It further stresses the need for the integration of social and economic policies to enable the attainment of people-centred development outcomes.



Financing social and labour market policies in times of crisis and beyond

The global financial crisis that broke out in 2008 was one of the worst crises in recent decades, with countries still struggling to overcome its consequences. The Global Jobs Pact adopted by the International Labour Organization (ILO) in 2009 aimed to address the neglected social and employment impact of the crisis, promoting a recovery based on investment, employment and social protection (International Labour Organization, 2009a). The document mentioned explicitly the need to support developing countries and least developed countries (LDCs) with limited fiscal space and State capacity through additional donor funding and cooperation. In 2012, this agenda has lost nothing of its urgency: according to the United Nations Department of Economic and Social Affairs (UN/DESA), “recovery of global employment remains the most pressing challenge” (United Nations, 2012, p. 1).


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