wow-inequalities/02-data/intermediate/wos_sample/89b0a68e5d13cf5588a3d62e08cbc4d2-polaski-s./info.yaml

abstract: 'The Group of 20 (G20) was launched as a leaders'' forum in the midst of

  the 2008 financial crisis and quickly agreed to undertake coordinated

  economic stimulus efforts. While those early measures helped stabilize

  the global economy, the negative impacts of the crisis on employment

  continued to mount through 2009. The leaders turned their attention to

  labour market issues; labour and employment ministers met in 2010 and

  thereafter. However, the G20 and a number of other countries erroneously

  reversed the stimulus approach beginning in Toronto in 2010, leading to

  weak recovery, entrenchment of unemployment and stagnation of wages.

  Labour ministers increasingly advocated more robust labour market

  policies, but were resisted by finance ministers. The leaders themselves

  agreed to increasingly strong statements on wages, inequality and social

  issues but most G20 countries did not implement them. When the political

  backlash against globalization emerged in 2016 the G20 was seen by many

  as part of the out-of-touch elite that failed to address the

  difficulties and economic anxiety suffered by many G20 member

  households. The G20 should adjust course by implementing, in a

  coordinated manner, policies that can increase employment and incomes

  and reverse growing inequality. This paper lays out two practical

  examples of such policies. The first is a coordinated increase in

  minimum wages across the G20 to provide direct support to low-wage

  workers, restart overall wage growth and increase demand. If implemented

  by the entire G20 this would provide a serious stimulus to global

  demand, which still remains weak, and avoid competitive undercutting

  among G20 members. The second is a coordinated increase in financing for

  programmes to help those who have lost as a result of globalization.

  Losers often suffer very harsh economic effects and few G20 countries

  compensate them adequately. A well-advertised, coordinated effort

  including policies such as these could demonstrate the relevance of the

  G20 to populations that have benefited little from the group''s efforts

  to date.'
affiliation: 'Polaski, S (Corresponding Author), ILO, Policy, 2 Rue Poissy, F-75005
  Paris, France.

  Polaski, S (Corresponding Author), ILO Sherpa G20, 2 Rue Poissy, F-75005 Paris,
  France.

  Polaski, S., ILO, Policy, 2 Rue Poissy, F-75005 Paris, France.

  Polaski, S., ILO Sherpa G20, 2 Rue Poissy, F-75005 Paris, France.'
author: Polaski, S.
author-email: sandrapolaski@gmail.com
author_list:
- family: Polaski
  given: S.
da: '2023-09-28'
doi: 10.17323/1996-7845-2018-02-09
files: []
issn: 1996-7845
journal: 'VESTNIK MEZHDUNARODNYKH ORGANIZATSII-INTERNATIONAL ORGANISATIONS

  RESEARCH JOURNAL'
keywords: 'G20; international policy coordination; economic impacts of

  globalization; wages and incomes; international political economy'
language: English
number: '2'
number-of-cited-references: '10'
pages: 125-135
papis_id: f0bb0d4c25c133242ceba8c87ae6e8a8
ref: Polaski2018g20spromise
times-cited: '1'
title: 'The G20''s Promise to Create More and Better Jobs: Missed Opportunities and
  a Way Forward'
type: article
unique-id: WOS:000443211000007
usage-count-last-180-days: '0'
usage-count-since-2013: '2'
volume: '13'
web-of-science-categories: International Relations
year: '2018'