Open AccessFull Report ‐ World of Work Report 2009: The global jobs crisis and beyond
Author(s) -
AUTHOR_ID
Publication year - 2009
Publication title -
world of work report
Language(s) - English
Resource type - Journals
ISSN - 2049-9280
DOI - 10.1002/wow3.15
Subject(s) - unemployment , financial crisis , work (physics) , economics , stock (firearms) , inequality , business , economic policy , labour economics , development economics , economic growth , macroeconomics , engineering , mechanical engineering , mathematical analysis , mathematics
The recent rebound in world output and stock markets should not mask the fact that the crisis which erupted in October 2008 is not over. Unless adequate measures are adopted, unemployment will continue to grow, many workers and small entrepreneurs will suffer a permanent cut in their incomes, and inequalities will widen further. And little has been done so far to address the root causes of the crisis. This Report warns against the risk of complacency. It calls for faster implementation of the Global Jobs Pact recently adopted by the ILO so as to support recovery and make the world economy more sustainable and fairer.