• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Dangerous complacency over global economy

28 Jan '08
2 min read

Political and business leaders at this week's Davos World Economic Forum meeting are showing few signs of recognising their failure to tackle governance of the global economy, according to the international trade union delegation attending the gathering.

“Governments have got it badly wrong and are showing dangerous complacency even as the obvious cracks in the world economy are widening” said ITUC General Secretary Guy Ryder.

The global union movement, in its to the Davos meeting, has set out a series of urgently-needed measures to deal with the falling share of national income going to wages around the world, the need for proper regulation and transparency in financial markets, stimulating growth in key economies, tackling unemployment and poverty, and arresting the decline in social institutions and public services.

The four pillars of decent work – employment, workers' rights, social protection and social dialogue – are necessary components of the remedy to the current crisis.

“Governments are faced with a stark choice – business as usual, with a roller-coaster economy where working people receive few of the benefits of upswings and bear most of the brunt of the bad times, or coherent and responsible global cooperation.

Governments have to understand the need for proper financial regulation, and this time, they need to get it right”, said John Evans, General Secretary of the OECD Trade Union Advisory Committee.

The union statement highlights inequality as a major factor in the current instability, with the share of national income going to wages decreasing continuously over recent decades in the vast majority of developing and industrial countries.

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search