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The ILO‘s International Institute for Labor Studies has just published a study titled “The Financial and Economic Crisis: A Decent Work Response“, which analyzes demographic trends and forecasts their impact on societies. It predicts that nearly 90 million net new jobs would be needed between 2009-10 to absorb new entrants in the labor market and avoid a prolonged jobs gap. The emphasis on jobs comes from evidence provided in this paper that it will not be possible to reactivate the economy in a sustainable manner unless greater emphasis is placed on decent and productive employment for women and men, well-designed social protection and workers’ rights. Measures are best implemented through social dialogue in countries, but greater cooperation at the international level can also have mutually-reinforcing benefits.
The report examines current rescue efforts in 32 countries including all members of the G20.