International job creation in 2012

Oliver attended the G20 summit in Mexico where he represented the Royal Melbourne Institute of Technology. Oliver is currently studying a Bachelor of Arts (International Studies).

Abstract 

The G20 has emerged as an important problem solver following the global meltdown in 2008 and job creation is expected to be a major discussion point at this year’s Summit to be held in Mexico. Australia has already voiced strong support behind job creation despite the country’s relatively stable rate of unemployment. The following paper investigates the rationale behind the Australian Government’s decision to prioritise job creation. The research reveals that major problems still exist in the Australian labour market and as an export orientated economy Australia must support initiatives to promote global economic stability, such as job creation. Supporting jobs at this year’s G20 Summit is also an important political tool for Australia to promote G20 consensus and to advance the reputation of the organisation. Despite Australia’s strong support behind job creation, it is not clear what measures the Government will lobby behind to stimulate employment growth. The Australian Government seems unlikely to support fiscal stimulus, green jobs or the introduction of a financial transaction tax as a direct solution to the jobs crisis. Australia is expected to back initiatives to reduce youth unemployment. These initiatives include skills training and increased social protection for young people and which reflects the recent policy focus of the Gillard Government.

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