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Toward People-Centered Growth

Traditionally, boosting growth has been seen as the best way to create job opportunities and raise living standards. But governments should now look at this the other way around: by better equipping their citizens to navigate the world of work, countries can most effectively boost their economic growth and development.

GENEVA – Growth is decelerating in Europe, the United States, China, Japan, and other leading economies, as the International Monetary Fund and World Bank recently highlighted by revising their global forecasts for this year substantially downward. At the same time, political and business leaders know they need to do more to prepare workforces for the labor market in an age of rising automation, stagnant wages, and greater part-time, temporary, and contingent employment.