Magazine article UN Chronicle
'Agreed Conclusions on Employment.' (Agreement Adopted during the UN Commission for Social Development's 35th Session)
The agreed conclusions on productive employment and sustainable livelihoods, adopted at the thirty-fifth session of the Commission for Social Development, are meant to provide input to the high-level segment of the 1997 substantive session of the Economic and Social Council, which will discuss "Fostering an enabling environment for development - financial flows, including capital flows; investment; trade".
Higher rates of growth of productive employment are essential to secure people's participation in economic and social life, for eradicating poverty, ensuring equity and preserving social cohesion, the agreed conclusions state. Public policy should emphasize strengthening of the capacity of people living in poverty and the need to provide employment opportunities for disadvantaged and marginalized groups.
The conclusions also call for the removal of unnecessary regulatory impediments to the formation of small enterprises and for alternative, group-based micro-credit schemes. They further call for adequate safety nets for those adversely affected by economic change, enhanced "employability" through skills development, and equal opportunity for men and women.
Globalization offered opportunities, challenges and risks, the conclusions state, stressing the value of an open and rule-based international system, characterized by a freer flow of trade and foreign investment and increased financial flows. National economic reform and international cooperation should incorporate a strong concern for the social implications of that phenomenon in order to minimize its negative effects.
Countries should adopt economic strategies that include a balanced and credible macroeconomic policy mix in order to ensure price stability and lower interest rates, according to the conclusions, which also call for implementation of stability-oriented policies to promote growth and employment based on a mix of macroeconomic policies, including the restructuring of public expenditure. …