Abstract
Provides evidence-based policy analysis of how ILO members can best mitigate the challenges facing enterprises and workers. Reviews recent developments, discusses the origins of the crisis and how the damaging effects have spread from developed countries to other parts of the world, and from the financial economy to the real economy, employment and society. Considers current international and national responses to the crisis, including financial and fiscal policy measures, labour market initiatives and social dialogue. Examines the key ingredients to overcoming the crisis, notably the need for a global jobs pact and the role of the ILO in addressing the challenges.