That’s according to the report Present and future of work in least developed countriespublished on Friday by the International Labor Organization (ILO).
The report provides an overview of the progress and challenges facing these countries in terms of structural transformation, correct transition to greener economies, and full employment and effective.
‘A lot of pressure’
“Many shocks have put LDCs under great pressure,” speak Guy Ryder, Director General of the ILO.
“However, with appropriate employment and macroeconomic policy measuresNew jobs can be created in both existing and new sectors, with productivity and innovation enhanced by investment in digital and green economic opportunities. ”
Test report how Digital technology can bring huge benefits to LDCsprovided that investments are made with capital, skills and knowledge, to support stable and inclusive work.
Lots of holes
The 46 countries represent 12% of the world’s population and are characterized by low incomes, vulnerability to economic and environmental shocks, declining happiness levels, extreme poverty and mortality rates. high.
Their vulnerabilities are largely the result of weak manufacturing capacity related to inadequate infrastructure, as well as limited access to technology, according to the report.
Weak institutions, including those related to employment and social protection, are also a factor, while informal employment without a social safety net remains widespread, accounting for nearly 90% of jobs.
The report includes a number of policy recommendations aimed at promoting what the ILO calls “Human-Centered Restoration” that is inclusive, sustainable and resilient.
These measures include expanding international support and cooperation to strengthen healthcare and vaccines, and to avoid unnecessary restrictions and barriers to trade and migration.
The report also calls for strengthening working institutions and building capacity for the realization of fundamental rights, such as freedom of association and collective bargaining, with the active participation of social partners. .
“This policy focus will create a virtuous circle That improves trust in government, facilitates a progressive shift to environmentally sustainable and high value-added activities, helps reduce poverty and inequality, and contributes to public by society,” according to the report.