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Labor Markets in Asia: Issues and Perspectives
dc.description.abstractUnemployment and underemployment are developing Asia's most important problems. On conservative estimates, the region is home to about 500 million workers who are either unemployed or underemployed. Therefore, helping people as workers is critical for poverty reduction. Why cannot countries across Asia create enough employment for their growing labor forces? Are supposedly rigid labor markets the reason? This volume argues that while labor market reforms may be necessary in some specific cases, by no means are labor market policies the main explanation for the widespread increase in unemployment and stubborn underemployment across Asia. Country specific studies for the People's Republic of China, India, Indonesia, Philippines, and Viet Nam undermine the case for across-the-board labor market reforms. Instead, the authors advocate well-designed, country-specific piecemeal reforms that target the particular policies which may inhibit employment creation. The authors also argue that governments across developing Asia must bring the objectives of full, productive, and decent employment to the top of their agendas, and propose growth-promoting and human capital policies to achieve these objectives. In the authors' words: 'Unless these three objectives become a fundamental part of the macroeconomic agenda across developing Asia, it is easy to conceive a region, say 25 years from now, which, despite continuous growth, will still harbor most of the world's poor. Published by Palgrave MacMillan.
dc.publisherAsian Development Bank
dc.titleLabor Markets in Asia: Issues and Perspectives
dc.subject.expertFinancial & Private Sector Development
dc.subject.expertPrivate Sector
dc.subject.expertPrivate Sector Activities
dc.subject.expertPrivate Sector Analysis
dc.subject.expertPrivate Sector Assessments
dc.subject.expertPrivate Sector Development
dc.subject.expertPrivate Sector Investments
dc.subject.expertPrivate Sector Management
dc.subject.expertPrivate Sector Participation
dc.subject.expertPrivate Sector Projects
dc.subject.adbPrivate enterprises
dc.subject.adbPrivate ownership
dc.subject.naturalFree enterprise
dc.subject.naturalFree markets
dc.subject.naturalEconomic policy
dc.subject.naturalIndustrial policy
dc.contributor.imprintAsian Development Bank
oar.themePrivate Sector
oar.adminregionSoutheast Asia Region
oar.adminregionSouth Asia Region
oar.adminregionCentral West Asia Region
oar.countryViet Nam
oar.authorAsian Development Bank

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    These are copublications where the Asian Development Bank (ADB) plays a role in the development, publication, and/or distribution of a book in partnership with academic institutions and commercial academic presses. ADB has worked with intergovernmental organizations such as UN agencies and other development banks as well as commercial academic presses like Edward Elgar, Routledge, Sage, Springer, and Oxford University Press India, among others, on publications that focus on ADB’s areas of concentration.

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