Developing countries that invested in quality jobs from the early 2000s grew nearly one percentage point faster every year since 2007 and were better able to weather the economic crisis than comparable economies, according to a new report by
The annual report of the
"Decent work opportunities for women and men help trigger development and reduce poverty,"
"Development doesn't happen through such things as exports, open trade and foreign direct investment on their own,"
"Social protection, respect for core labour standards and policies that promote formal employment are also crucial for creating quality jobs that raise living standards, increase domestic consumption and drive overall growth," he added.
The report cites Senegal, where wage and salaried workers increased from around 12 per cent in 1991 to 26 per cent in 2013, as a case in point, showing that productivity increased there by an average of 0.5 per cent per year.
"In view of the evidence, it is essential to make decent work a central goal in the post-2015 development agenda," stressed
"Over the next decade, developing countries will need to create around 40 million new jobs every year in order to keep up with the growing working age population," he said.
The report, which also covers global unemployment figures, social protection measures and economic migration flows, shows a smaller increase in unemployment than previous projections, with some 200 million out of work in 2013, predicted to rise by 3.2 million through 2014.
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