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Complementing the efforts of member states at national, regional and local levels, services to be funded include job search assistance, personalised retraining, housewife of the year promoting entrepreneurship, or assisting self employment. The opening-up of economies to international competition brings new housewife of the year opportunities in terms of economic dynamism, competitiveness and the creation of high-quality jobs. The European Union's overall policy response to this positive challenge of globalisation lies in its strategy housewife of the year for growth and jobs, which helps people in EU member states benefit from the opportunities of technological innovation and global markets, notably through the anticipation and positive management of change. However, job losses in less competitive sectors are an inevitable impact of trade opening and globalisation. In this context, the aim of the new fund is to enable the EU to support workers made redundant as a result of trade-related adjustment changes.
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