78. In order to generate employment and prosperity all across the world, there is a need for ecologically balanced development. Growth which is not designed to meet ecological and social imperatives runs counter to progress, since it will cause environmental damage and destroy jobs. The market system alone can never ensure the attainment of the social goals of economic growth. It is the legitimate function of democratic economic policy to promote development which opens up future opportunities while improving the quality of life.
79. To achieve these objectives on a global basis, it is imperative to establish a genuinely new international economic order. This must reconcile the interests of both industrialised and developing countries. A fundamental reform of financial relations must create the conditions for international economic cooperation. A more equitable international economic order is necessary not only for reasons of solidarity, but also in order to create a more efficient, productive and balanced world economy.
80. The priority in the case of international debt must be to write down, write off or capitalise the debts of the poorer countries. Institutional arrangements are needed to stabilise both the terms of trade and the export earnings of the countries of the South by establishing internationally supported commodity funds. The North must open its markets to the products of the South, and end its policy of subsidising exports from the North.
81. As productivity rapidly increases due to new technologies, it is also necessary to redefine working life. The aim must be to humanise working conditions by both appropriate production technologies and workers' participation. Employment should be created by investment in social services and in environmental reconstruction, as well as by public spending on the development of new technologies and on improving infrastructure. By contrast, conservative economic policies in many industrialised countries have allowed for mass unemployment, thus jeopardising social justice and security, and giving rise to new manifestations of poverty in the rich world. It is of paramount importance that governments take on in practice their overall responsibility to provide for full employment.
82. In many cases, a reduction of working hours can help achieve a fair distribution of both paid jobs and work at home between men and women. It also increases the leisure time of workers, farmers and employees, thus giving them more time for other activities. |