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World of Work Report 2012   

World of Work Report 2012

Better jobs for a better economy

This edition is published in India by
Academic Foundation, New Delhi
under arrangement with
International Labour Office, Geneva.
Paperback Book (8" x 11") :   Pages : 126
2012  Edition   :   ISBN 13: 978-81-7188-963-1
Price : Rs. 795.00 (For Sale in South Asia Only)
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This publication provides a comprehensive analysis of recent labour market and social trends, assesses risks of social unrest and presents employment projections for the next five years. The report emphasises that while employment has begun to recover slowly, job quality is deteriorating and there is a growing sense of unfairness. Moreover, given the pressure on governments to rein in expenditure, policy efforts have focused on structural reforms to boost employment creation. However, if policy instruments are not carefully designed, they could exacerbate the employment situation and aggravate further equity concerns, with potentially long-lasting adverse consequences for both the economy and society.

The following questions are addressed:

To what extent has the slow recovery aggravated social conditions, including falling incomes, deepening poverty and worsening inequality?

Have countries gone too far, too fast with fiscal consolidation? How should they support recovery while meeting fiscal goals in the medium term?

What can be expected from recent labour market reforms?

How can investment be boosted so as to ensure a long-lasting recovery in both the economy and jobs?

What have been the barriers to implementing a more job-centred and equity-enhancing policy approach? Why has the business-as-usual scenario maintained its centrality despite the increasing risk of social unrest?

This report calls for a carefully designed policy approach that takes into consideration the urgent need to create quality jobs while at the same time laying the ground for a more productive, fairer economy and labour market.


The International Labour Organization was founded in 1919 to promote social justice and, thereby, to contribute to universal and lasting peace. Its tripartite structure is unique among agencies affiliated to the United Nations; the ILO's Governing Body includes representatives of governments, and of employers' and workers' organizations. These three constituencies are active participants in regional and other meetings sponsored by the ILO, as well as in the International Labour Conference a world forum that meets annually to discuss social and labour questions.

Over the years the ILO has issued for adoption by member States a widely respected code of international labour Conventions and Recommendations on freedom of association, employment, social policy, conditions of work, social security, industrial relations and labour administration, and child labour, among others.

The ILO provides expert advice and technical assistance to member States through a network of offices and multidisciplinary teams in over 40 countries. This assistance takes the form of labour rights and industrial relations counselling, employment promotion, training in small business development, project management, advice on social security, workplace safety and working conditions, the compiling and dissemination of labour statistics, and workers' education.



1. Employment, job quality and social implications of the global crisis

Main findings


A. Employment trends

B. Job quality

C. Impact of the crisis on poverty and income inequality

D. Better jobs for a better economy

Appendix A. Country groupings by income level

Appendix B. Determinants of non-standard employment: An empirical analysis

Appendix C. Th e impact of crises on employment: An empirical analysis


2. Employment protection and industrial relations: Recent trends and labour market impact

Main findings


A. Labour market institutions: Overview of the literature and recent trends

B. Assessing the labour market effects of changes in employment protection regulations and collective bargaining

C. Policy considerations 

Appendix A. Empirical analysis

Appendix B. Recent changes in labour legislation and collective bargaining 


3. Fiscal consolidation and employment growth

Main findings 


A. Debt dynamics and ongoing fiscal consolidation efforts 

B. Employment effects of fiscal consolidation: Austerity versus socially-responsible approaches

Appendix A. Fiscal policy, expenditure and revenue composition and the effect on employment: An empirical analysis


4. Investing in a sustainable recovery

Main findings


A. Global investment and employment trends

B. Drivers of investment

C. Policy considerations

Appendix A. Empirical analysis of investment dynamics


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