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
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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
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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
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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
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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