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The Foundation’s Board of Trustees and International Advisory Council have selected new projects focused on trade and employment to be supported by funds from the Foundation. Work on the following project is already underway and will deliver results during 2010.

This project is a continuation of work supported by the Foundation in 2009, which enabled the WTO and ILO research teams to organize an expert “scoping” workshop on the links between trade and employment. This new project focuses on the priority issues identified by experts at this workshop. Further details on the workshop are available in the Research section of the Foundation website.

Description: 

There is a shared sense that globalization is a powerful engine that has already contributed to lifting many out of poverty and that, if properly harnessed, could further promote growth and development to the benefit of all. For many years, however, concerns have been raised regarding certain effects of globalization on jobs, wages and job insecurity. In this context, a number of observers have come to question the sustainability of globalization from a social point of view. Calls for a more inclusive globalization have become more frequent, but only a few concrete proposals have been put forward. The papers prepared by leading researchers will analyze the various channels through which globalization affects jobs and wages and examine how trade and employment policies could contribute to making globalization socially sustainable. Topics covered in the expert papers will include:

Chapter 1: Globalization as a driver of job creation

Chapter 2: Job destruction during the economic and financial crisis

Chapter 3: Recovery after the crisis

Chapter 4: Globalization and economic volatility

Chapter 5: Globalization and perceived job insecurity

Chapter 6: Social protection for those vulnerable to shocks

Chapter 7: Evidence on the evolution of within country inequality

over the past century

Chapter 8: Redistribution policies in a globalized world

Chapter 9: Skill policies to make globalization more inclusive

The initial results of the joint WTO-ILO project will be made public in the context of the G20 Summit of Heads of Governmentin Seoul, South Korea in November, 2010.

The Chairman of ICC, Victor K. Fung, has described the ICC Research Foundation as the development laboratory for issues of concern to ICC and its National Committees around the world.

The chief aim of the Foundation is to support research which provides useful data, analysis and policy options which can be of use to ICC members  in addressing issues of common concern, including global trade, trade finance, employment, climate change.

The initial results of the research projects supported by the Foundation in 2009 were presented at a CEO Forum in New Delhi in December, 2009.  Further news about these initial projects will be the subject of future newsletters and will be posted on the Foundation website.