February 2008

Development News

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Release of the annual Global Employment Trends report of the International Labour Organisation (ILO)

According to the annual Global Employment Trends report of the International Labour Organisation (ILO),  global economic turbulence owing to credit market turmoil and rising oil prices could spur an increase in global unemployment by an estimated 5 million persons in the year 2008.

Due to the forthcoming economic crisis, unemployment level might go up (unemployment rate of 6.1 per cent) in 2008. The report mentions that the service sector now provides 42.7 per cent of the world's jobs, compared to agriculture which provides 34.9 per cent. According to the ILO, the Middle East and North Africa still had the highest unemployment rates at 11.8 and 10.9 per cent respectively in 2007, followed by Latin America & the Caribbean, Central & South Eastern Europe (non EU) & the Commonwealth of Independent States (CIS) at 8.5 per cent. Globally, there are 486.7 million workers who do not earn enough to lift themselves and their families above the US$ 1 a day poverty line, and 1.3 billion workers do not earn enough to lift themselves and their families above the US$ 2 a day line.

Guide to Greener Electronics targets e-Waste

The latest edition of Greenpeace's quarterly Guide to Greener Electronics assesses for the first time TV's and the rapidly growing games consoles market. Guide to Greener Electronics focuses on toxic chemicals and takeback policy because of the rapid growth in quantities of toxic e-Waste being dumped in developing countries like China and India.

Nintendo

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