Arab Today, arab today ilo chiefuse asian growth for social change
Last Updated : GMT 09:36:11
Arab Today, arab today
Arab Today, arab today

ILO chief : Use Asian growth for social change

Arab Today, arab today

Arab Today, arab today ILO chief : Use Asian growth for social change

Manila - AFP

Asian countries have a unique opportunity to use their new-found prosperity to make progress on social issues and promote fairness, the head of the International Labour Organisation said on Sunday. Director general Guy Ryder said Asian nations were turning away from reliance on cheap labour and exports to fuel growth, and had realised the value of higher wages and boosting domestic demand. \"It is time for Asia to turn its attention to matching its economic success with social progress. It has that margin open to it and now is the time to take those steps,\" he told AFP in an interview. Ryder, who is in the Philippines as part of his first visit to Asia after being elected in October, said social protections like higher wages and pensions could actually make economic growth more sustainable. He said that between 2000-2011 real wages in Asia had doubled while in China, the region\'s economic powerhouse, they had tripled. In contrast, real wages worldwide had risen by 23 percent in the same period and by just five percent in developed industrialised countries. \"There is a lot going on in Asia and a lot to be optimistic about,\" Ryder said, citing recent efforts to improve wages and benefits. China was setting up pension schemes and \"giving greater attention to the wage levels of people\" instead of keeping salaries low to encourage exports, he said. Thailand had recently put a minimum wage in place and was also setting up other social protection schemes, said Ryder. \"Countries are seeing that in the long term, low wages, competing on the bottom end of the market, is not the best way to go forward,\" he said. This would encourage other Asian countries like the Philippines also to let wages rise, he added. He said the challenge in the Philippines was the large number of people in \"vulnerable\" sectors who could not rely on a regular income. Ryder said the Geneva-based ILO was working with Manila to address this by attracting the right investment, improving education and reforming fiscal policies. He warned that letting wage levels stagnate had contributed to such problems as the latest financial crisis. Ryder said US real wages had remained virtually flat for the entire decade, forcing many Americans to go into debt to buy homes and creating the conditions for the crisis.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ilo chiefuse asian growth for social change Arab Today, arab today ilo chiefuse asian growth for social change

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday