The
significant and widespread improvement of the situation is in sight. entral goal of the strategy is therefore to improve prospects for jobs.
3
In this respect, Ministers welcome the interim report presented by the Secretary-General on the comprehensive research effort that they requested in 1992 to examine reasons for, and remedies to, the disappointing progress made to date in reducing unemployment. They endorse the preliminary conclusions of this interim report, which underpin the strategy. They call on the Secretary-General to press ahead with the work for the final report, including policy recommendations, to be presented to them in 1994.
A.
Improving employment prospects requires higher growth, with an adequate job content. All the actions identified hereafter aim at this twin objective. They span a wide range of mutually reinforcing policies. They intend to exploit an enhanced inter-action between macroeconomic and structural policies and, through trade and competition, to build on the growing integration of the world economy, to the benefit of all nations.
MACROECONOMIC POLICY
Ever growing interdependence between economies results in a continual assessment by markets of the adequacy, and hence credibility, of national policies. These must not only fit the requirements of each country's specific circumstances, but also be compatible internationally. Overall, they must provide economic agents with a predictable, sound, stable, and thereby encouraging environment.
5.