Developing Asia as a whole has experienced tremendous economic growth, especially in the last decade. But employment growth has lagged behind economic growth , significantly in some countries, indicating a very low employment intensity of growth - often known as "jobless growth." This trend is of special concern since employment is the critical link between economic growth and poverty reduction. In addition, rebalancing from an export-led to a domestic consumption-led growth will depend on the growth of consumer spending, which in turn depends on the growth of good (i.e., stable and well-paid) jobs. Most Asian DMCs have either not yet completed the transition to higher quality, predominantly formal sector employment or are in the very early stages of this transition. This presentation will discuss the importance of generating higher quality employment in Asia. It will then identify some of the major constraints and challenges that countries may face in improving and increasing the quality of employment and the potential policies that can be used to resolve of mitigate some of these challenges.
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Mr. Changyong Rhee, Chief Economist, Asian Development Bank
- Thursday, 23 August 2012
- 12.15 p.m. - 1.30 p.m.
Seminar Room 3-5
Level 3, Manasseh Meyer
Lee Kuan Yew School of Public Policy
469C Bukit Timah Road