A session conducted by All India Association of Industries and World Trade Centre Mumbai at the WTO Public Forum 2014, Geneva on “Fostering Skills and Jobs through Trade Liberalisation in Developing Economies ” attended by over 200 delegates from various countries.
Trade and labour markets are becoming increasingly integrated. Trade has great propensity for employment generation and enhances economic capacity- building of a nation. Trade promotes growth and decent employment creation improving the livelihood of people. This is particularly true for developing economies where development of both urban and rural communities is increasingly a priority at national level and in pursuing international economic goals. The last three decades have witnessed huge changes in the structure of trade. Trade liberalization and its impact on economic growth in developing countries has been significant with consequent surge in employment and job creation. Notwithstanding the benefits of trade to job markets , it is often witnessed that high rates of informal employment and unskilled labour force diminish the efforts of developing countries to translate trade openness into long –term growth . Well-designed trade and skilled workforce can complement each other so as to promote sustainable development and growing prosperity in developing countries. Governments which pursue a well – defined, well – targeted programme of skill development derive greater success in improving labour market conditions thereby contributing to economic prosperity and social well- being. The session aligns with the sub- theme of the Public Forum “Trade and Jobs” and will examine the interplay of various factors of skills, trade and job creation in transitional and emerging economies. The subject will be dealt with in the context of the impact of trade liberalization in these economies.
The session was moderated by Mr. Vijay Kalantri, Vice chairman, World Trade Centre Mumbai, Director – WTCA Board, New York, President, All India Association of Industries Mumbai
The Speakers were as follows:
Mr. Vijay Kalantri’s responses to the question: Why does trade matter to everyone? Click Here