Regional Secretary, Public Services International Asia-Pacific Regional Office (PSIAPRO) Jakarta, Indonesia, September 2011
Inclusive Growth
Growth is not inclusive unless it is job intensive & ensure Social protection Social inclusiveness means appropriate public policies that ensure a life of dignity for all Public investment in public services and social benefits is central to social and economic development
CONTEXT
Number and quality of jobs not keeping pace with MICs economic growth
Increasing unemployment & under-employment Increasing informalization of labor force Precarious work Lower lifetime earnings Rising income inequality work related stress and sickness
Financial crisis
cuts in public services(public spending eg.Health, education) No proactive strategies by governments
Global jobs supported by public spending and public services (as % of all employees)
need for the public services felt at every stage whether it is water, electricity, fire or health services
Govts
Such a tax may form part of financial regulatory measures Dampen unproductive speculation and help governments strengthen public investments
If applied globally, an FTT could raise over USD $1trillion per year, or 2% of global GDP, even at a rate of 0.01%.
Promote social wage for working families, their social security and pensions.
Protect and create opportunities for disadvantaged groups and those who suffer discrimination. Ensure rights for all
Support public-public partnerships and technology transfer in key sectors, e.g. renewable energy and recycling of water, waste management