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The G20 helped steer the world through the worst of the economic storm; now it must show it can set in motion a new governance for the post-crisis world. That's a task our organisation stands ready to help with, says the OECD's G20 Sherpa, Gabriela Ramos.
The global economy is recovering but youth unemployment is getting worse. Young people are more than twice as likely to be unemployed as the average worker, yet few governments are taking proactive steps to boost youth employment.
The crisis has had a huge impact on employment and may have changed the job market forever. John Martin, OECD Director of Employment, Labour and Social Affairs, explains the challenges facing policymakers in the years and decades ahead.
Unemployment soared in the crisis, and creating jobs is now a major policy priority. But jobs alone will not be enough. A greater emphasis on skills will be needed for the recovery to last.
The OECD Employment, Labour and Social Affairs Directorate has launched in September 2008 a series of seminars open to both external and internal speakers. It is intended to be an informal forum for discussion of policy-oriented empirical research work among policy-makers, academics and OECD staff.
Angel Gurría recalled the role played by the OECD Bologna Process and Charter and the "need to harness the potential of SMEs and entrepreneurs in the fight against unemployment, social exclusion and poverty" in his remarks to the “Bologna+10” High-level Meeting.
This series of country-specific reviews of labour makret and social policies examines policies and institutions and makes recommendations for improvements.
Greater integration into the world economy and important policy reforms have resulted in Brazil, China, India and South Africa becoming major actors in the globalisation process, with impressive results in terms of economic growth, social development and poverty reduction. But the benefits of stronger growth have not always been shared equally and income inequality has remained at very high levels.
The feature Key Employment Statistics allows cross-country comparisons on labour market indicators, outcomes, policies and institutions.
"Cutting unemployment and fiscal deficits at the same time is a daunting challenge but it needs to be tackled head on. Despite signs of recovery in most countries, the risk remains that millions of people may lose touch with the labour market. High joblessness as the new normal can not be accepted and has to be tackled by a comprehensive policy strategy", said Angel Gurría at the launch of the OECD Employment Outlook 2010.