World of Work report 2013

6 Steps to a job-friendly recovery

Globally, investment as a share of GDP is close to 1 percentage point below the pre-crisis level. Yet emerging economies accounted for 47 per cent of global investment as opposed to advanced economies who represented just over one-third. What does this mean? Investment patterns mirror employment trends. Less investment means less employment and this is what we are seeing in developing and advanced economies. So how do we get back on track to creating jobs? Raymond Torres, Director of the ILO's International Institute for Labour Studies, and lead author of the World of Work Report 2013 presents six steps that countries should follow to enjoy a sustainable job recovery.