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By World Commission on the Social Dimension of Globalization

It is a groundbreaking record urging that construction a good and inclusive globalization turn into a global precedence. Calling for an "urgent reconsider" of present rules and associations of world governance, the file makes an attempt to wreck the present deadlock via concentrating on the worries and aspirations of individuals and at the how you can higher harness the possibility of globalization itself. This document used to be compiled by way of the realm fee at the Social Dimensions of Globalization, co-chaired via the Presidents of Finland and Tanzania, and whose contributors contain a Nobel Economics Laureate, parliamentarians, social and fiscal specialists and representatives of commercial and multinational agencies, geared up labour, academia and civil society. This largely consultant staff has positioned forth, via this record, the 1st systematic try and care for social dimensions of globalization. between its prescriptions for reaching a good and inclusive globalization, the file proposes a chain of coordinated measures throughout a huge entrance to enhance governance and responsibility at either nationwide and overseas degrees. those comprise fairer ideas for foreign exchange, funding, finance and migration, which take account of all pursuits, rights and obligations; measures to advertise center labour criteria and a minimal point of social security within the international economic climate; and new efforts to mobilize foreign assets to elevate features and meet the Millennium improvement targets (MDGs).

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Extra resources for A Fair Globalization: Creating Opportunities For All

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Increased global competition encouraged employers to play “fast and loose with labour practices”, including the replacement of decent employment with insecure informal, casual and contract work. For many corporations, Views and perceptions 21 Part II Page 22 Friday, April 16, 2004 2:44 PM voluntary corporate social responsibility was simply “an attempt at a public relations repair job”, without any real effect on mainstream business operations. 123. What was required was a global system of industrial relations including global works councils, social audits of companies, and mechanisms to monitor and verify the implementation of codes of conduct adopted by multinational companies.

There was a need for international organizations, official and otherwise, to help guide the process. These included the IMF, the United Nations, the World Bank, the WTO, the ILO and other specialized agencies as well as business, trade unions, churches and NGOs. There was also a need for better governance at all levels. 7 Kenneth F. Scheve, and Matthew J. Slaughter: Globalization and the Perceptions of American Workers (Washington DC, Institute for International Economics, March 2001). 20 A fair globalization: Creating opportunities for all Part II Page 21 Friday, April 16, 2004 2:44 PM Business, labour and civil society 115.

Part I Page 8 Friday, April 16, 2004 2:43 PM a global society, but the increased interaction between people and countries throws into sharp relief the urgent need for a common ethical frame of reference. 40. To a large extent, such a framework can already be found in the declarations and treaties of the multilateral system of the United Nations. They are enshrined, for example, in the Charter of the United Nations, the Universal Declaration of Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work and, more recently, in the United Nations Millennium Declaration.

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