IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Impacts of Current Global Economic Crisis on Asia's Labor Market

  • Huynh, Phu

    (Asian Development Bank Institute)

  • Kapsos, Steven

    (Asian Development Bank Institute)

  • Kim, Kee Beom

    (Asian Development Bank Institute)

  • Sziraczki, Gyorgy

    (Asian Development Bank Institute)

Registered author(s):

    The paper investigates the labor market and social impacts of the global financial and economic crisis in Asia and the Pacific as well as national policy responses to the crisis. It draws on recent macroeconomic, trade, production, investment, and remittances data to assess the employment and social consequences of the crisis, including falling demand for labor, rising vulnerable and informal employment, and falling incomes and their related pressures on the working poor. The paper provides some projections of the impact on unemployment, vulnerable employment, working poverty, and labor productivity in the region in 2009. It demonstrates that labor market recovery is likely to lag behind output growth, based on the experience of Asian labor markets following the 1997 Asian financial crisis. The paper underscores some policy options that are likely to have positive outcomes toward generating employment and boosting aggregate demand, improving social protection and welfare on the basis of decent work principles, and promoting a sound and sustainable economic and labor market recovery.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.adbi.org/files/2010.08.23.wp243.impacts.gec.asia.labor.market.pdf
    Our checks indicate that this address may not be valid because: 404 Not Found (http://www.adbi.org/files/2010.08.23.wp243.impacts.gec.asia.labor.market.pdf [301 Moved Permanently]--> http://www.adb.org/adbi/files/2010.08.23.wp243.impacts.gec.asia.labor.market.pdf). If this is indeed the case, please notify (Robert Hugh Davis)


    File Function: Full text
    Download Restriction: no

    Paper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 243.

    as
    in new window

    Length: 39 pages
    Date of creation: 23 Aug 2010
    Date of revision:
    Handle: RePEc:ris:adbiwp:0243
    Contact details of provider: Postal: Kasumigaseki Building 8F, 3-2-5, Kasumigaseki, Chiyoda-ku,, Tokyo 100-6008, Japan
    Phone: (81-3)3593-5500
    Fax: (81-3) 3593-5571
    Web page: http://www.adbi.org/
    Email:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:ris:adbiwp:0243. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Robert Hugh Davis)

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.