A FAIR GLOBALIZATION Creating Opportunities for All World Commission on the Social Dimension of Globalization

GLOBALIZATION CAN BE A POSITIVE FORCE “We believe the world stands at a historic moment of decision. Now is the time for leadership, to move from sterile debate to positive action. “In this report we have looked at globalization through the eyes of the people, capturing faithfully the hopes and fears of our shared humanity. “Our driving spirit has been to make globalization a positive force for all people and countries.” Benjamin William Mkapa, President of the United Republic of Tanzania Co-Chair Tarja Halonen, President of the Republic of Finland Co-Chair

THE WAY FORWARD Focus on people Fair rules, balance and equity Democratic and effective State Sustainable development Productive and equitable markets Globalization with solidarity Greater accountability to people Deeper partnerships An effective and coherent United Nations

BENEFITS OF CHANGE Extraordinary material progress The potential for good is immense The world is more interconnected More social/political interactions Growing sense of global community and universal values Growing solidarity among peoples Potential for Extraordinary material progress Creating better jobs Reducing world poverty

GLOBALIZATION AND CHANGE We are way too far to reach this goal Too many countries and people left out of benefits Morally unacceptable and politically unsustainable Aspirations not met for decent jobs and a better future Many subsist in the informal economy without rights More tension because of awareness of disparities

NEED FOR CHANGE Institutions lag behind fast moving global markets Multilateral decision-making is Not democratic Not transparent Not accountable enough Global trade and finance rules have unfair effects Social issues get less attention than financial, economic and market issues Problems are caused by poor governance, not globalization as such

STRATEGY FOR CHANGE Step-by-step coordinated changes on broad front Ranging from global reforms to better local governance Implement actions within a framework of Open economies Open societies Continue advocacy and dialogue What needs to be done, how and by whom

BEGINNING AT HOME Global governance is the apex of a web starting at the local level Benefits for people depend on the quality of national governance Good governance entails Respect for democracy, human rights, gender equality, rule of law and social equity Strong representative organizations of workers and employers, voice for diversity and disadvantaged groups State capacity to manage integration in the global economy Raising capabilities of people and enterprises Priority for decent work, dealing with informal economy and social protection Empowering local communities to reach people where they live Regional integration with a social dimension

FAIR RULES AND POLICIES ESSENTIAL ELEMENTS More national space for policy making in developing countries Fair rules for trade, capital flows and market access Development-friendly multilateral framework for investment and competition Stronger action on ILO’s core labour standards Including in export processing zones Better managed international migration In interest of countries of origin, destination and migrants themselves A socio-economic "floor" for the global economy Decent work to become a global goal Attain the 0.7% target for ODA, explore new funding sources

MULTILATERAL GOVERNANCE Democratic deficit in the multilateral system Workers and the poor have too little voice Developing countries have too little influence Greater developing country role in World Bank, IMF, WTO Necessary reforms include More democratic representation and decision-making More accountability to people More policy coherence End zero nominal growth in mandated contributions Reverse trend towards voluntary contributions

MOBILIZING ACTION Parliamentary Group for oversight of globalization Greater voice to non-State actors Important role for business – including corporate social responsibility Trade unions and global social dialogue Civil society and networked governance Policy Coherence Initiatives Starting with global growth, investment and employment creation Policy Development Dialogues at global and national levels On migration, FDI, social protection,accountability of international organizations and other issues Globalization Policy Forum on social impacts State of Globalization Report