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ILO and WTO: Poor countries benefit less from open trade due to high informal employment

ILO and WTO, 12 October 2009: A joint ILO-WTO report launched on 12 October 2009 indicates that poor countries are less able to benefit from free trade and globalization due to the high incidence of informal employment.
ILO and WTO: Poor countries benefit less from open trade due to high informal employment

Globalization and Informal jobs in Developing Countries - A joint study from the International Labour Organization and the WTO

ILO Director-General Juan Somavia:

“The study confirms what we know from experience, that by promoting complementarity between decent work objectives and trade, financial and labour market policies, developing countries are much better placed to benefit from trade opening, advance the social dimension of globalization, and to cope with the current crisis”.

WTO Director-General Pascal Lamy:

“Trade has contributed to growth and development worldwide. But this has not automatically translated in an improvement in the quality of employment. Trade opening needs proper domestic policies to create good jobs. This is all the more evident with the current crisis which has reduced trade and thrown thousands into informal jobs.”

 

Source: ILO press release and report

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