By World Commission on the Social Dimension of Globalization
It is a groundbreaking document urging that construction a good and inclusive globalization turn into a global precedence. Calling for an "urgent reconsider" of present rules and associations of world governance, the file makes an attempt to wreck the present deadlock by means of targeting the troubles and aspirations of individuals and at the how you can higher harness the possibility of globalization itself. This document was once compiled by way of the realm fee at the Social Dimensions of Globalization, co-chaired by means of the Presidents of Finland and Tanzania, and whose participants comprise a Nobel Economics Laureate, parliamentarians, social and fiscal specialists and representatives of commercial and multinational businesses, geared up labour, academia and civil society. This greatly consultant workforce has placed forth, via this record, the 1st systematic try and care for social dimensions of globalization. between its prescriptions for reaching a good and inclusive globalization, the document proposes a sequence of coordinated measures throughout a huge entrance to enhance governance and responsibility at either nationwide and foreign degrees. those comprise fairer principles for overseas alternate, funding, finance and migration, which take account of all pursuits, rights and duties; measures to advertise center labour criteria and a minimal point of social safeguard within the worldwide financial system; and new efforts to mobilize overseas assets to elevate features and meet the Millennium improvement targets (MDGs).
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Additional info for A Fair Globalization: Creating Opportunities For All
0 Figure 1 Trade imports and exports (in % of GDP), left scale FDI, net inflows (in % of GDP), right scale Source: World Bank, World Development Indicators 2003 (online version). Globalization: Its nature and impact 25 Part II Page 26 Friday, April 16, 2004 2:44 PM Average unweighted tariff rates by region, 1980-1998 (in per cent) 70 66 65 60 50 41 40 32 31 30 29 30 28 26 25 25 20 14 14 24 24 21 21 20 18 15 13 9 10 10 8 9 5 Figure 2 1. 1980-85 1986-90 1996-98 1991-95 Source: World Bank, Global Economic Prospects 2001 (background presentation).
The multilateral institutions of the United Nations system have a special role to play, as they set and promote international norms and policies. Universally shared values and the rule of law must guide the terms of international engagement and systems of national and global governance. 49. We believe globalization has made it imperative to have a better international dialogue on universally shared values. Values have become central to many political negotiations because of the dynamics of globalization.
Views and perceptions 17 Part II Page 18 Friday, April 16, 2004 2:44 PM Globalization linked to spread of democracy 99. The challenge of globalization had to be seized. On a positive note, it was associated with the spread of democracy in the region and with growing public awareness of issues such as gender inequality, human rights and sustainable development. The “smaller” global world of today was making the cross-fertilization and circulation of ideas much easier. As noted by the participants in the dialogue in Chile, it was helping to shape a new global ethic based on universal values and principles shared by people all over the world.