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3.4 Good practices

Good practice 1 - European Globalisation Adjustment Fund, EGF

In 2006, the EU created the European Globalisation Adjustment Fund (EGF). Its main purpose is to support
workers who have been made redundant as a result of trade liberalisation so that they can keep their jobs
or find new ones quickly. The EGF’s initial objective was to co-finance and help workers affected by the
negative effects of globalisation to find new jobs. In 2009, the scope of the EGF programme was extended
by the redundancies resulting from the global financial and economic crisis.

More information: https://www.eurofound.europa.eu/observatories/eurwork/industrial-relations-dictio-
nary/european-globalisation-adjustment-fund

Good practice 2 - Reflection paper on harnessing globalisation

The document contains information on the
use of globalisation in the EU. It focuses mainly
on the need to shape a sustainable global order,
which will be based on common principles and
agenda. It proposes tools to protect and empower
citizens through sound social policies and to provide
educational and lifelong learning support.

Download report: https://gsgii.org/reports/reflection-paper-on-harnessing-globalisation/