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EXECUTIVE BUREAU – NAIROBI - Session of 7-8 May 2009 - page 16 / 22

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  • A coordinated recovery plan for the real economy

  • Regulation of global financial markets

  • A new global economic governance

  • The crisis of distributive justice.

Before the holding of the summit, the trade union movement had assessed its declaration item by item in the trade union declaration. This assessment shows clearly that as far as some aspects related to market regulation and control and global governance are concerned, the trade union movement and workers concerns have been taken into account to some extent. However, the concerns related to the recovery of the global economy through the creation of decent jobs, transparency of banks, the improvement of social justice in the area of access to housing, solidarity financial services, establishment of distributive justice have been neglected.

The London Trade Union Declaration: After Washington, given the mixed results achieved in the area of global economic recovery, the poor decent work prospects and the mixed results achieved in putting in place a distributive justice, on the one hand, and the low level of the international community’s commitment in favour of a rigorous and actual control of the financial markets and the international financial system, the lack of appropriate mechanisms to fund a fair human development at the global level, on the other hand, the trade union movement has continued to do its homework at all levels. On the eve of the London summit, the trade union consultations went on and intensified. In the end, a draft trade union declaration was adopted for the G20 London Summit held on April 2, 2009 on the economic and financial crisis.

As was the case during the preparatory work of the Washington summit, the draft trade union declaration has been circulated, amended and adopted. All the affiliates were invited on March 19th to undertake actions from March 23, 2009 by presenting to governments worldwide the materials disseminated by ITUC.

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