hagen in 2009. They must commit to emission reductions, promote Green Jobs, support the costs of adaptation in developing countries and endorse the concept of ‘just transition’ so as to protect workers in the shift towards a ‘green economy’ in the negotiating text of the United Nations Framework Convention on Climate Change (UNFCCC). (§30-34)
Leaders meeting at the Pittsburgh G20 Summit must also muster the political will to break with the policies of the past so as to ensure that there is no return to ‘business as usual’ and:
Build a new model for a balanced economy: Policy must support a new model of economic development that is economically efficient, socially just and environmentally sustainable. This model must rebalance the relationship between public intervention and market forces in the global economy; the financial and the real economy; labour and capital; trade surplus and deficit countries; and industrialised and developing countries. Above all, it must bring to an end the policies that have generated massive inequality between and within nations over the past two decades and that are the root causes of the current global crisis. A fairer redistribution of wealth is the only sustainable route out of this crisis – and the only way to restore the trust of working people in the economic and financial systems; (§35-38)
Improve global governance: G20 governments must finalise the development of the Charter for Sustainable Economic Activity and the Global Standard on Propriet , Integrity and Transparency. The Charter must incorporate the Decent Work agenda of the ILO: rights at work, employment and income opportunities, social protection and social security and social dialogue and tripartism. At the global level, the IFIs should engage in dialogue with trade unions through a formal trade union advisory structure. (§39-41)
Trade unions and the workers we represent, however, have no confidence that this time governments and bankers will get it right. It is essential that the voices of working people in developed, emerging and developing countries are heard in the G20’s discussions. The Global Unions organi- sations are ready to play their part in building this stronger, fairer and more sustainable future for the global economy. They must be given a seat at the table.
thE prIOrItY: JOBS
Despite the talk of “green shoots” of recovery and the rebound in stock markets over recent months, the outlook for 2009 remains bleak with OECD forecasts1 indicating that GDP will fall by 3.7 percent in 2009 across the G7 economies. In 2010, most G20 countries are expected to experience stagnation in GDP, or at best hesitant recovery. Despite better news from some emerging economies, many developing countries – a number of which had already experienced jobless growth for a number of years – remain in a desperate plight, as growth has stalled and GDP per capita is falling. The IMF identified 26 low-income developing coun-
OECD Interim Economic Assessment, 3 September, 2009.