The world faces a huge challenge of creating productive jobs for its expanding labour force,
says a new study by three ILO economists. This challenge is global in three ways.
inadequate availability of productive jobs is now a worldwide phenomenon, affecting both
North and South.
Second, global forces such as cross-border flows of trade, capital and labour
now have important consequences for employment in individual countries.
international economic policies are now almost as important as national policies for
expanding opportunities for productive employment in less developed countries, where most
of the world’s workers live and where almost all of its new workers will live.
The study sets out in detail the nature and magnitude of this employment challenge. It
provides an empirical assessment of the current employment situation in the world, a review
of developments since 1990, an analysis of the interactions among structural factors, global
forces and national policies that have affected employment, and ideas on required policy
responses at international and national levels.