Helen Clark: Statement to the Development Committee13 October 2012
Statement by Helen Clark Administrator of the United Nations Development Programme and Chair of the United Nations Development Group
to the Development Committee
Tokyo, October 13, 2012
A Challenging Global Context
Decent work is a key vehicle for achieving development goals and translating economic growth into poverty reduction. It is therefore highly appropriate that the Development Committee is giving specific attention to the importance of job creation during these Annual Meetings.
The global economic slowdown has made employment generation more difficult. The sovereign debt crisis in Europe and the slow recovery in the global economy led to millions of job losses in both developed and developing countries. The austerity plans adopted by many developed countries have exacerbated the deficiency in demand, further depressing the labour market.