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This new world of work needs an equally new social contract
As they work towards recovery, there are three ways in which countries can build a future of resilience and inclusiveness
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Singapore recognises the urgent need to work with global partners and through multilateral platforms to tackle common challenges.
ST PHOTO: LIM YAOHUI
Gilbert F. Houngbo and Tan See Leng
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In 2016, worker, employer and government representatives from the Asia-Pacific and Arab states regions met in Bali, Indonesia, to map out actions and policies for inclusive growth, social justice and decent work for all.
Little did they know that just three years later, the world would be plunged into turmoil by Covid-19. The Asia-Pacific region experienced negative economic growth of 1.3 per cent in 2020, marking the most severe contraction in nearly half a century. The Arab countries of Western Asia saw an alarming economic downturn of 6.5 per cent in 2020, recovering to only a modest 2.5 per cent growth in 2021.
