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With its annual employment outlook, the OECD continued calls to action for its 30 member states to reform their labour markets and boost innovation to withstand competition from emerging economies.
The Organisation for Economic Co-operation and Development looked more closely at the situation in Canada, France, Germany, Italy, Japan, Mexico, Spain and the United States. It warned countries against a tendency to blame globalisation alone for job losses and to use it as an excuse for neglecting pro-active employment policies: "Job losses in some sectors, along with new job opportunities in other sectors, are an inevitable accompaniment of the process of globalisation. The challenge is to ensure that the adjustment process involved in matching available workers with new job openings works as smoothly as possible."
According to current trends, the OECD warns, no significant rise in employment will take place any time soon. While the entrance especially of China and India into the world market was the reason for growing insecurity on labour markets in Europe and North-America, "only a fraction of job losses recorded in OECD countries is likely to be directly attributable to trade and investment liberalisation," the OECD says. "Claims that globalisation is the main cause of the labour market problems experienced by OECD countries are exaggerated."