ilo chiefuse asian growth for social change
Last Updated : GMT 19:32:13
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.

arabstoday
arabstoday

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*

ilo chiefuse asian growth for social change ilo chiefuse asian growth for social change

 



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*

ilo chiefuse asian growth for social change ilo chiefuse asian growth for social change

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Presenter Sherine Ramahi proud of her career

GMT 06:46 2017 Sunday ,19 November

Presenter Sherine Ramahi proud of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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