The vision of the Global Deal initiative is that more people will benefit from globalisation and that the challenges in the global labour market will be addressed jointly. The objectives are effective labour relations and decent work, which contribute to greater equality and inclusive economic development, benefiting workers, companies and societies (win-win-win). The means – and the core of the Global Deal vision – is improved labour relations and social dialogue globally.
The Global Deal aims to develop a platform for raising the issue of cooperation between parties, and strengthening existing cooperation structures. A Global Deal initiative can contribute by providing political direction and impetus to overall development, and by systematising and scaling up existing processes. The Global Deal can become an effective tool for implementing Sustainable Development Goal 8 (SDG #8) for decent work, full and productive employment and inclusive growth. Also, indirectly, the Global Deal could make a significant contribution towards achieving objectives in other areas.
A proposal on how the Global Deal concept can be taken forward was presented in 2015 by the analysis group on global cooperation, appointed by the Swedish Minister for Strategic Development and Nordic cooperation.