A new study by the International Labour Office (ILO) highlights that people's
economic security promotes personal well being, happiness and tolerance, while
benefiting growth and development.
The report, "Economic Security for a Better World," includes estimates for
countries representing more than 85 per cent of the world's population, and
says such economic security -coupled with democracy and government spending on
social security - not only benefits growth but can also promote social
The report cautions, however, that economic security remains out of reach for
the vast majority of the world's workers, about three-quarters of whom live in
circumstances of economic insecurity that fosters what the report calls "a
world full of anxiety and anger".
Only 8 per cent of people - fewer than one in ten - live in countries providing
favourable economic security, said the survey produced by the ILO's
Socio-Economic Security Programme.
"Coming shortly after the report of the World Commission on the Social
Dimension of Globalization, this book should enrich the debate on how we can
build a fair globalization," says ILO Director-General Juan Somavia. "Unless we
can make our societies more equal and the global economy more inclusive, very
few will achieve economic security or decent work."
The report marks the first attempt to measure global economic security as
perceived by ordinary people and was based on detailed household and workplace
surveys covering over 48,000 workers and more than 10,000 workplaces worldwide.
Economic security is measured on the basis of seven forms of work-related
security including income, labour markets, employment, skills, work, jobs and
AplusA-online.de - Source: European Agency for Safety and Health at Work