2. What is DecentWork?
According to the International Labor Organization (ILO),
decent work involves opportunities for work that are
productive and deliver a fair income, security in the
workplace and social protection for families, better
prospects for personal development and social
integration, freedom for people to express their
concerns, organize and participate in the decisions that
affect their lives and equality of opportunity and
treatment for all women and men.
3. What is Economic Growth?
Economic growth is the increase in the inflation-adjusted
market value of the goods and services produced by an
economy over time. It is conventionally measured as the
percent rate of increase in real gross domestic product, or
real GDP. High economic growth leads to increased
profitability for firms, enabling more spending on
research and development.
4. Determinants of Economic Growth
Macro Determinants
• Natural Resources
• Physical Capital or Infrastructure
• Population or Labor
• Human Capital
• Technology
• Law
Micro Determinants
• Per capita income(or expenditure)
• HDI
• Jobless growth
• Inequality
• Poverty
5. STATISTICS
NEARLY 30 MILLION OF INDIAN’S LABOUR FORCE IS UNEMPLOYED , 26
MN ARE OFFCIALLY UNDEREMPLOYED.
ONLY 10% WORKERS ARE WORKING IN ORGANISED SECTOR.
49% ARE CAUSAL OUT OF 90% WORKERS IN UNORGANISED SECTOR.
23% ARE SELF-EMPLOYED.
COMPARED TO 56% OF OUE MALE POPULATION , ONLY 23% OF WOMEN
ARE PART OF INIDA’S TOTAL WORKFORCE : PEOPLE WHO ARE USUALLY
EMPLOYED.
IN RURAL INDIA , NEARLY ONE-THIRD OF WOMEN WORKERS PERSON
DAYS ARE LOST ANNUALLY, WHILE IN THE CITIES 15% OF WORKING
DAYS OF WOMEN EMPLOYEES GO UNUTILIZED.
11. Sustainable Development Goal 10 aims at reducing inequality
within and among countries. This SDG calls for reducing
inequalities in income as well as those based on age, sex,
disability, race, ethnicity, origin, religion or economic or other
status within a country. The goal also addresses inequalities
among countries, including those related to representation,
migration and development assistance.
The international
community has made significant strides towards lifting people
out of poverty. The most vulnerable nations - the least
developed countries, the landlocked developing countries and
the Small Island developing States - continue to make inroads
into poverty reduction. However, inequality still persists and
large disparities remain in access to health and education
services and other assets
12. HOW TO FILL THIS GAP?
TO ADDRESS THIS GAP
, PROGRESS PROPOSES A 3-POINT FRAMEWORK
FOR ACTION :
RESOURCE : REDRESSING WOMEN’S SOCIO-ECONOMIC
DISADVANTAGE.
RESPECT : ADDRESSING STEREOTYPING , STIGMA , AND VIOLENCE.
VOICE : STRENGTHENING WOMES’S AGENCY , VOICE AND
PARTICIPATION.
13. Facts and figures:
▪ On average—and taking into account population size—income
inequality increased by 11 per cent in developing countries between
1990 and 2010.
▪ A significant majority of households in developing countries—more
than 75 per cent of the population—are living today in societies where
income is more unequally distributed than it was in the 1990s.
▪ Evidence shows that, beyond a certain threshold, inequality harms
growth and poverty reduction, the quality of relations in the public
and political spheres and individuals’ sense of fulfilment and self-
worth.
▪ There is nothing inevitable about growing income inequality; several
countries have managed to contain or reduce income inequality while
achieving strong growth performance.
▪ Income inequality cannot be effectively tackled unless the underlying
inequality of opportunities is addressed.
14. Targets:
▪ By 2030, progressively achieve and sustain income growth of
the bottom 40 percent of the population at a rate higher
than the national average.
▪ By 2030, empower and promote the social, economic and
political inclusion of all, irrespective of age, sex, disability, race,
ethnicity, origin, religion or economic or other status.
▪ Ensure equal opportunity and reduce inequalities of
outcome, including by eliminating discriminatory laws, policies
and practices and promoting appropriate legislations and
policies in this regard.
▪ Adopt policies, especially fiscal, wage and social protection
policies, and progressively achieve greater equality.
▪ Improve the regulation and monitoring of global financial
markets and institutions and strengthen the implementation of
such regulations.
15. Global Picture:
▪ Gender gaps are wide and persistent: three quarters of men
are in the labor force, compared to only half of women.
▪ Women in Sweden and France can expect to earn 31 per cent
less than men; this figure is 49 per cent for women in Germany
and 75 per cent for women in Turkey.
▪ In Brazil, the doubling of the minimum wage narrowed the
gender pay gap by 9 percentage points.
▪ In EU countries with family-friendly policies, women’s
employment rates are significantly higher than in countries
without such support.
▪ In Rwanda, as a result of gender-sensitive land reform,
women are 17 percentage points more likely to be regarded as
joint landowners.
16. RECOMMENDATIONS:
There is no simple formula to reduce or end the
poor-rich gap but certain steps can be taken to
address inequality.
▪ Household surveys –Quality surveys should be
carried out so that policy decisions are accurate
and relevant.
▪ Inflation should be controlled as it increases
poverty and inequality.
▪ Taxation –Structural weakness in the tax system,
Reduce indirect taxes.
17. ▪ CREATE MICROCREDIT OPPORTUNITIES.
▪ ENFORCE MINIMUM WAGE.
▪ CREATEVOCATIONAL SKILLS CENTERS.
▪ FREE QUALITY SCHOOLING TILL MATRICULATION.
▪ GREATER PROGRESS WILL BE MADETHROUGH
PROGRAMSTHAT PROMOTE EMPOWERMENT