IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/115540.html
   My bibliography  Save this paper

The Socio-Economic Challenges Facing Asia Due to Insufficient Earnings and Employment

Author

Listed:
  • Singh Tomar, Ashish

Abstract

Despite inadequate earnings and employment, Asia continues to face socio economic challenges that existed prior to the pandemic and have contributed to the region's difficulty in creating decent jobs and advancing towards employment. From an Asian perspective, the purpose of this study is to examine, from an Asian perspective, the extent and influence of vulnerabilities among workers as well as the socio-economic challenges they pose to the economy. After a systematic analysis of literary sources and approaches to addressing the issue of vulnerable employment, a conclusion can be drawn that such employment is unsustainable. This is based on the analysis of literary sources and approaches. As a result, it does not promote a stable economy, a strong workforce, or a stable social environment. There has also been evidence to support the idea that the appearance of such a trend has the potential to cause social unrest as a result of such a tendency. In the Asian context, it is imperative that we examine the classical definition of vulnerable employment in the context of Asian markets in order to assess the relevance of this scientific problem. In addition to the study of the effects of certain socio-economic factors on the employment of vulnerable individuals, and/or strengthening the adverse effects of vulnerable employment on those already in need, we should also examine the effects of vulnerability on those already affected.

Suggested Citation

  • Singh Tomar, Ashish, 2022. "The Socio-Economic Challenges Facing Asia Due to Insufficient Earnings and Employment," MPRA Paper 115540, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:115540
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/115540/1/MPRA_paper_115540.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Stark, Oded & Bloom, David E, 1985. "The New Economics of Labor Migration," American Economic Review, American Economic Association, vol. 75(2), pages 173-178, May.
    2. George J. Stigler, 1962. "Information in the Labor Market," NBER Chapters, in: Investment in Human Beings, pages 94-105, National Bureau of Economic Research, Inc.
    3. Chun Chang & Wang, Yijiang, 1995. "A framework for understanding differences in labor turnover and human capital investment," Journal of Economic Behavior & Organization, Elsevier, vol. 28(1), pages 91-105, September.
    4. Jayasuriya, S. K. & Shand, R. T., 1986. "Technical change and labor absorption in Asian agriculture: Some emerging trends," World Development, Elsevier, vol. 14(3), pages 415-428, March.
    5. repec:thr:techub:10029:y:2022:i:1:p:471-480 is not listed on IDEAS
    6. Borland, Jeff & Yang, Xiaokai, 1992. "Specialization and a New Approach to Economic Organization and Growth," American Economic Review, American Economic Association, vol. 82(2), pages 386-391, May.
    7. Siddhartha Paul Tiwari, 2022. "Knowledge Enhancement and Understanding of Diversity," Technium Social Sciences Journal, Technium Science, vol. 30(1), pages 159-163, April.
    8. Andrew Weiss & Ruqu Wang, 1990. "A Sorting Model of Labor Contracts: Implications for Layoffs and Wage-Tenure Profiles," NBER Working Papers 3448, National Bureau of Economic Research, Inc.
    9. Xiaokai Yang & Robert Rice, 2006. "An Equilibrium Model Endogenizing The Emergence Of A Dual Structure Between The Urban And Rural Sectors," World Scientific Book Chapters, in: Christis Tombazos & Xiaokai Yang (ed.), Inframarginal Contributions To Development Economics, chapter 8, pages 167-194, World Scientific Publishing Co. Pte. Ltd..
    10. Adams, John, 1986. "Peasant rationality: Individuals, groups, cultures," World Development, Elsevier, vol. 14(2), pages 273-282, February.
    11. Oded Stark, 1991. "The Migration of Labor," Blackwell Books, Wiley Blackwell, number 1557860300, June.
    12. Wang, Ping & Yip, Chong K & Scotese, Carol A, 1994. "Fertility Choice and Economic Growth: Theory and Evidence," The Review of Economics and Statistics, MIT Press, vol. 76(2), pages 255-266, May.
    13. Xiaokai Yang & Jeff Borland, 2005. "A Microeconomic Mechanism For Economic Growth," World Scientific Book Chapters, in: An Inframarginal Approach To Trade Theory, chapter 18, pages 409-436, World Scientific Publishing Co. Pte. Ltd..
    14. repec:eee:labchp:v:1:y:1986:i:c:p:429-471 is not listed on IDEAS
    15. Tiwari, Siddhartha Paul, 2022. "Re-emergence of Asia in the New Industrial Era," SocArXiv g9tv5, Center for Open Science.
    16. Amsden, Alice H, 1991. "Diffusion of Development: The Late-Industrializing Model and Greater East Asia," American Economic Review, American Economic Association, vol. 81(2), pages 282-286, May.
    17. repec:eee:labchp:v:1:y:1986:i:c:p:693-785 is not listed on IDEAS
    18. Siddhartha Paul Tiwari, 2022. "Re-emergence of Asia in the New Industrial Era," Technium Social Sciences Journal, Technium Science, vol. 29(1), pages 471-480, March.
    19. Heckman, James J, 1993. "What Has Been Learned about Labor Supply in the Past Twenty Years?," American Economic Review, American Economic Association, vol. 83(2), pages 116-121, May.
    20. Lee, Maw-Lin & Liu, Ben-Chieh & Wang, Ping, 1994. "Education, human capital enhancement and economic development: Comparison between Korea and Taiwan," Economics of Education Review, Elsevier, vol. 13(4), pages 275-288.
    21. Sherwin Rosen, 1972. "Learning and Experience in the Labor Market," Journal of Human Resources, University of Wisconsin Press, vol. 7(3), pages 326-342.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Heikkinen, Daan, 2023. "The Need for Green Data Centers in Modern Society: Technology, Economy and Environmental Sustainability," MPRA Paper 116245, University Library of Munich, Germany.
    2. Driskell, David, 2022. "Strategies for sustainable data centers: technology and sustainability in modern society," MPRA Paper 115434, University Library of Munich, Germany.
    3. Zhang, Shoucheng, 2022. "Impact of the Agricultural Supply Chain on Society: A Post-Covid Analysis," MPRA Paper 115355, University Library of Munich, Germany.
    4. Aria, Dr, 2021. "Technological Innovation and Corporate Entrepreneurship: A Study," MPRA Paper 116344, University Library of Munich, Germany.
    5. Dayal Saraswat, Kinshuk, 2022. "Technology-Based Risk Management for Rural Sectors and Natural Disasters in Developing Countries," MPRA Paper 115480, University Library of Munich, Germany.
    6. Maestracci, Aria, 2023. "An Examination of the Economic and Social Impacts of Corporate Innovation and Interventions," MPRA Paper 116932, University Library of Munich, Germany, revised 03 Feb 2023.
    7. Maestracci, Aria, 2023. "Developing a framework for scaling M-governance in Asia: Issues and Challenges," MPRA Paper 116952, University Library of Munich, Germany.
    8. Nguyen, Oliver, 2023. "Digital Economy and Its Components: A Brief Overview and Recommendations," MPRA Paper 116110, University Library of Munich, Germany.
    9. Sharma, Rahul, 2022. "Transformation of rural areas through the use of technology: opportunities for women and youth," MPRA Paper 115336, University Library of Munich, Germany.
    10. Singh Tomar, Arun, 2022. "An Analysis of the Development of a Smart, Environmentally Friendly, and Technologically Sustainable City: A Necessity for the Future," MPRA Paper 115451, University Library of Munich, Germany.
    11. Oliver, Dr, 2023. "Economic impact of the digital revolution on the Asian economy," MPRA Paper 116052, University Library of Munich, Germany.
    12. Goyal, Krishna, 2022. "An Analysis of the Effects of Service Quality on Society of Mobile Technology Applications Used by Banks," MPRA Paper 115366, University Library of Munich, Germany.
    13. Driouchi, Ahmed & Zouag, Nada, 2010. "Internal Mobility and Likelihood of Skill Losses in Localities of Emigration: Theory and Preliminary Empirical Application to Some Developing Economies," MPRA Paper 21799, University Library of Munich, Germany, revised 01 Apr 2010.
    14. de Arce, Rafael & Mahia, Ramon, 2008. "Determinants of Bilateral Immigration Flows Between The European Union and some Mediterranean Partner Countries: Algeria, Egypt, Morocco, Tunisia and Turkey," MPRA Paper 14547, University Library of Munich, Germany.
    15. Emilio Depetris-Chauvin & Ömer Özak, 2020. "The origins of the division of labor in pre-industrial times," Journal of Economic Growth, Springer, vol. 25(3), pages 297-340, September.
    16. Ana María Ibá-ez, 2014. "Growth in forced displacement: cross-country, sub-national and household evidence on potential determinants," Chapters, in: Robert E.B. Lucas (ed.), International Handbook on Migration and Economic Development, chapter 13, pages 350-387, Edward Elgar Publishing.
    17. Akee, Randall K. Q., 2007. "Who Leaves and Who Returns? Deciphering Immigrant Self-Selection from a Developing Country," IZA Discussion Papers 3268, Institute of Labor Economics (IZA).
    18. Potjaporn Joonlaoun, 2017. "Remitting behaviors and intention to return home of Thai migrant workers in Australia: A study of income, employment and legal satisfaction," Journal of Advances in Humanities and Social Sciences, Dr. Yi-Hsing Hsieh, vol. 3(1), pages 29-41.
    19. Silvia Maja Melzer & Ruud J. Muffels, 2012. "Migrant's Pursuit of Happiness: The Impact of Adaption, Social Comparison and Relative Deprivation; Evidence from a 'Natural' Experiment," SOEPpapers on Multidisciplinary Panel Data Research 448, DIW Berlin, The German Socio-Economic Panel (SOEP).
    20. Sugata Marjit & Biswajit Mandal, 2016. "International Trade, Migration and Unemployment – The Role of Informal Sector," Economics and Politics, Wiley Blackwell, vol. 28(1), pages 8-22, March.

    More about this item

    Keywords

    Labor and economic impact; Vulnerable labor and Asia; Socio-Economic Challenges and employment; insufficient earnings in Asia; Socio-economic challenges and labor;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:115540. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.