Too much focus on finance, too little on society: ILO Chief

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Juan Somavia

The head of the International Labour Organization (ILO) says the world economy can be turned around, but it will take a concerted effort that focuses not just on finance, but society as well.

ILO Director-General Juan Somavia told International Labour Conference in Geneva on Wednesday that the lingering financial crisis and feeble recovery is one reason why world leaders need to redefine priorities.

"Global political concern over jobs can be a unifying theme for international cooperation all countries are concerned by it and it can help the international system meet the challenges of generating recovery and transition into a sustainable strong and balanced path of global development."

According to ILO, around 30 million more people have become unemployed since the 2008 financial crisis, and nearly 40 million more have stopped looking for work.

Duration: 19″

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