Topic 1: Recovering from the World Financial and Economic Crisis: a Global Jobs Pact
After the World Economics Crisis in 2007, many countries were sent into a spiral of rising unemployment rates, poverty rates and mass inflation. To quote are Report by Commission of Experts of the President of the United Nations General Assembly on Reforms of the International Monetary and Financial System, “A global issue needs to be me by a global response.” With connections such as the United Nations, anything that happens in one member state is not independent of another. Thus, the Republic of Turkey stands in favor of the Global Jobs Pact. During the Global Jobs Crisis, there was an estimated loss of more than 37 percent of jobs in our country. As of 2008, it is estimated that in our country, another million jobs at risk. With issues of inflation and lowering GDP, our country’s low employment is one of the most pressing problems that we face. Prior to the Global Jobs Crisis, corporate profits only accounted for about a quarter of our wealth. When the crisis hit, that number jumped to about forty-two percent. We approach the issue by agreeing with the Global Jobs Pact. GDP is also an issue