Vatican City, Feb 27, 2005 / 22:00 pm
The conclusions of a Report of the World Commission on the Social Dimension of Globalization was presented Friday afternoon at the Lateran University in Rome.
Cardinal Renato Martino, president of the Pontifical Council Justice and Peace, and Juan Somavia, director of the International Labor Office (ILO), presented the conclusions of the commission, which was established by the ILO in 2002. The Report was published in 2004.
A press release announcing the event at the, summarized the findings of the Report, which said, "The current functioning of the world economy suffers from deeply rooted and profound imbalances that are unacceptable from an ethical point of view and politically indefensible.”
“For the majority of men and women in the world”, it said, “globalization does not respond to their legitimate aspirations to have a dignified job and a better future for their children."