Inequalities and financial globalization: A timely report

Following the launch of the World of Work Report, the new annual report of the ILO's International Institute for Labour Studies, this note presents the contents of the first report in this series, subtitled “Income inequalities in the age of financial globalization”. Its timely release at the end of October 2008 came amidst mounting concern over the extent, duration and economic and social consequences of the financial crisis. The report examines the determinants of widening income inequalities and how inequality relates to financial globalization, labour market institutions, employment – job creation and characteristics – and redistributive policies.