WORLD> Europe
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WORLD> Europe
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World leaders agree to realize balanced, sustainable economic growth
(Xinhua)
Updated: 2009-07-10 05:57 Concerned by the high social costs of the crisis in terms of unemployment and poverty, the leaders said that they were committed to tackle the social dimension of the crisis, putting people's concerns first. "We are modernizing, reinforcing and increasing the efficiency of social protection policies, including safety nets, health and education," they said, "strengthened and sustainable social protection, supporting employment and enhancing skills, will also help to sustain and rebalance global demand." They said in the statement that they would exchange best practices in support of the people who have lost their jobs or who are threatened by unemployment. "We will strengthen our capacity for training to adapt to new labor market conditions," they added. "We will promote higher growth potential through a range of policies in the areas of human capital, research, infrastructure, and promotion and protection of innovation," they said. "We will put greater emphasis on the development of agricultural and small scale industries to make economic recovery more inclusive and more resilient." They said that they would encourage and facilitate the development, dissemination and mutually agreed transfer of clean, low-carbon technologies, reducing carbon emissions and increasing energy efficiency from production to consumption, thereby improving energy security and access. "We reconfirm our political will for reaching a comprehensive, fair, effective, agreed outcome, following the principle of common but differentiated responsibilities and respective capabilities at the UN Framework Convention on Climate Change Conference in Copenhagen in December," they said. "We will promote regular consultations on structural and macroeconomic issues in all appropriate fora," they said, " enhanced international dialogue and strengthened coordination will help to build a more stable, equitable and long-lasting global growth model, and so to gradually achieve and sustain a rebalanced global economy."
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