World Bank and Global Labor Market Conference Deepen Partnership to Shape the Future of Work

    GLMC already had a strategic Knowledge Partnership with the World Bank with the new collaboration marking a major expansion of their work. Main elements include training global labor market policymakers of tomorrow and the ongoing delivery of research to provide groundbreaking insights for governments and organisations on themes including future labor market demands, employment trends, labor policy and the workforce skills development. Upskilling Tomorrow's Labor Market Policymakers...
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GLMC already had a strategic Knowledge Partnership with the World Bank with the new collaboration marking a major expansion of their work. Main elements include training global labor market policymakers of tomorrow and the ongoing delivery of research to provide groundbreaking insights for governments and organisations on themes including future labor market demands, employment trends, labor policy and the workforce skills development.

Upskilling Tomorrow's Labor Market Policymakers

The World Bank's collaboration with GLMC, a think tank for shaping real-world strategies to tackle labor market challenges, aims to produce a new vanguard of policymakers. These will primarily be drawn from nations under the World Bank mandate – equipping them with the insight, approaches, knowledge, and skills to create equitable and sustainable labor markets.

The world's labor market is undergoing profound transformations driven by the rapid rise of the Global South and unprecedented technological advancements. Developing nations are becoming significant players in global trade, while automation and digital innovation reshape industries and economies more than ever.

As these changes accelerate, there is a growing need for policy and policymakers who can navigate the complexities of an evolving workforce and an evolving world to ensure labor regulation contributes to shared global prosperity.

Training elements will therefore include:

World Bank and Global Labor Market Conference Deepen Partnership to Shape the Future of Work

Commenting on GLMC's expanded partnership with the World Bank, Safaa El Tayeb El-Kogali, World Bank Country Director for the (GCC) countries, said: "We are proud of the long-standing collaboration between the GLMC and the World Bank. Today, we are taking our partnership to a new level by jointly fostering knowledge exchange and sharing best practices with the global community. As we gather for the Second Edition of the GLMC, and look forward to many more to come, we share a mission that aims to advance innovative initiatives and comprehensive strategies to address the extraordinary shifts in the nature of work. From the rapid proliferation of AI to the urgent challenges of growing youth unemployment and the promising rise of green jobs, we at the World Bank, remain committed to shaping a more inclusive and resilient global workforce."

Delivering Research and Insights

Through joint research and the development of forward-thinking policies, GLMC and the World Bank's partnership aims to ensure that all countries, especially emerging economies, can benefit from a more inclusive and dynamic global labor market.

This week, GLMC and the World Bank will release a new approach paper, Making Labor Markets Work for the Youth, which analyzed the number of inactive youth, aged 15-24, in the labor market, and looks to identify the socio-economic consequences of youth inactivity, propose a framework to prioritize interventions to improve youth labor market outcomes and provides evidence on successful global interventions.


 

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/world-bank-and-global-labor-market-conference-deepen-partnership-to-shape-the-future-of-work-302363520.html

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