“Since the onset of the financial crisis, the question of how to unlock new sources of productive employment and strengthen the contribution of economic growth to progress in broad living standards has become an increasingly important concern for political and business leaders in developed and developing countries alike. These challenges have been at the top of the World Economic Forum Global Risks Report survey in recent years”, the paper said...The WEF paper says governments should assess 14 yardsticks of progress under six pillars: education and skills; employment and labour compensation; asset building and business investment; corruption and rents; fiscal transfers; and basic services and infrastructure. Using the tool would allow policy makers to have a clearer sense of how well they were exploiting “available policy space across the full spectrum of levers”. Samans said the intitial work by the WEF covered 96 rich, middle income and low income countries, and would be refined over the next months. “We are attempting to provide a tool - a rigorous and dispassionate one”, he added. In countries such as the UK, real incomes have been squeezed since the deep recession of 2008-09, with living standards lower than they were at the time of the 2010 election. The WEF said governments should assess whether a “rising tide lifts all boats” by looking at labour’s share of national incomes, whether pay is linked to productivity, minimum wages, trade union density, the scope of collective bargaining and labour-employer cooperation." Since the onset of the global financial crisis, wealth and income inequalities have accelerated. Hence the rising tide does not lift all boats. Inequalities are constructs which increase social conflict. The rate of environmental destruction is accelerating too. Under-regulated markets fail both people and planet. Time now for fundamental strengthening of above 6 pillars. Hold your politicians to account: how well are they delivering on these 6 pillars of society?
Access Investments-Building Awareness - European Union-ROMANIA
Sunday, January 25, 2015
“Since the onset of the financial crisis, the question of how to unlock new sources of productive employment and strengthen the contribution of economic growth to progress in broad living standards has become an increasingly important concern for political and business leaders in developed and developing countries alike. These challenges have been at the top of the World Economic Forum Global Risks Report survey in recent years”, the paper said...The WEF paper says governments should assess 14 yardsticks of progress under six pillars: education and skills; employment and labour compensation; asset building and business investment; corruption and rents; fiscal transfers; and basic services and infrastructure. Using the tool would allow policy makers to have a clearer sense of how well they were exploiting “available policy space across the full spectrum of levers”. Samans said the intitial work by the WEF covered 96 rich, middle income and low income countries, and would be refined over the next months. “We are attempting to provide a tool - a rigorous and dispassionate one”, he added. In countries such as the UK, real incomes have been squeezed since the deep recession of 2008-09, with living standards lower than they were at the time of the 2010 election. The WEF said governments should assess whether a “rising tide lifts all boats” by looking at labour’s share of national incomes, whether pay is linked to productivity, minimum wages, trade union density, the scope of collective bargaining and labour-employer cooperation." Since the onset of the global financial crisis, wealth and income inequalities have accelerated. Hence the rising tide does not lift all boats. Inequalities are constructs which increase social conflict. The rate of environmental destruction is accelerating too. Under-regulated markets fail both people and planet. Time now for fundamental strengthening of above 6 pillars. Hold your politicians to account: how well are they delivering on these 6 pillars of society?
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