Global economy

A globalised world economy requires effective global governance, as the world economic, financial and employment crisis is demonstrating. The ITUC seeks to increase intergovernmental cooperation to ensure that the social dimension of globalisation, including decent work and fundamental workers’ rights, is right at the centre of decision-making at the world’s major global and regional institutions. This includes the G-20, the World Bank, the International Monetary Fund (IMF), the World Trade Organisation (WTO), and the United Nations and its specialised agencies, especially the International Labour Organisation (ILO) with its tripartite structure and mandate to set international social standards. (...)

The ITUC also works with its Global Unions partners to promote effective rules governing the behaviour of private business. We seek to achieve international frameworks for social dialogue and collective bargaining, and systems of corporate governance that hold management accountable for the social impact of business activities. This requires a combination of campaigning and mobilisation with advocacy and lobbying so that the policies of these institutions and companies support, rather than undermine, the achievement of decent work for all.