A Fair Globalization: Creating Opportunities For All - download pdf or read online
By World Commission on the Social Dimension of Globalization
It is a groundbreaking record urging that construction a good and inclusive globalization turn into a world precedence. Calling for an "urgent reconsider" of present rules and associations of worldwide governance, the document makes an attempt to damage the present deadlock by means of concentrating on the troubles and aspirations of individuals and at the how one can greater harness the opportunity of globalization itself. This file was once compiled by means of the realm fee at the Social Dimensions of Globalization, co-chaired through the Presidents of Finland and Tanzania, and whose participants comprise a Nobel Economics Laureate, parliamentarians, social and financial specialists and representatives of industrial and multinational organisations, equipped labour, academia and civil society. This largely consultant workforce has positioned forth, via this document, the 1st systematic try and take care of social dimensions of globalization. between its prescriptions for attaining a good and inclusive globalization, the record proposes a sequence of coordinated measures throughout a large entrance to enhance governance and responsibility at either nationwide and foreign degrees. those comprise fairer principles for overseas alternate, funding, finance and migration, which take account of all pursuits, rights and duties; measures to advertise center labour criteria and a minimal point of social defense within the worldwide economic system; and new efforts to mobilize overseas assets to elevate functions and meet the Millennium improvement objectives (MDGs).
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Extra info for A Fair Globalization: Creating Opportunities For All
4 A participant in the Philippines dialogue said, “There is no point to a globalization that reduces the price of a child’s shoes, but costs the father his job”. There was frequent reference to the difficulties faced by small enterprises in taking advantage of globalization – and yet that is where most employment is created. The rural and informal economies remain on the margins, and the result is persistent poverty. Others were concerned with the loss of jobs as a result of industrial restructuring in the face of competitive global markets, and the downward pressures on conditions of work and workers’ rights – in Europe and North America as well as in middle-income and transition countries.
The industrialized countries were the source of the technological revolution that facilitated globalization but that revolution has also had ripple effects on the rest of the global economy. At one level, the new technology changed international comparative advantage by making knowledge an important factor of production. The knowledge-intensive and high-tech industries are the fastestgrowing sectors in the global economy and successful economic development will eventually require that countries become able to enter and compete in these sectors.
113. Some limited focus group consultations were also held in the United States in the course of the Commission’s work. Those consulted had little doubt that the world economy had changed radically over the past 20 years. Globalization was putting new pressures on companies to be more competitive, squeezing wages and leading to corporate mergers. Some domestic jobs had moved to other countries, but in general the process was leading to greater wealth and well-being. The United States itself was seen as the main driver of globalization, and this was regarded positively.
A Fair Globalization: Creating Opportunities For All by World Commission on the Social Dimension of Globalization