Global employment challenge

Both advanced and developing economies need to adjust to structural changes in world economy to ensure social stability

Over the past three decades, hundreds of millions of new workers have entered the global economy. This has brought a tremendous, and ongoing, growth in income levels, opportunities and the size of the global economy, but also more employment competition and significant shifts in relative wages and prices, which is having profound distributional effects.

These massive structural changes in the global economy present three great employment challenges worldwide, with different countries facing their own variants.