East Asia Pacific at Work : Employment, Enterprise, and Well-being

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collection.link.39
https://openknowledge.worldbank.org/handle/10986/2147
collection.name.39
World Bank East Asia and Pacific Regional Report
dc.contributor.author
Packard, Truman G.
dc.contributor.author
Van Nguyen, Trang
dc.date.accessioned
2014-05-08T03:01:04Z
dc.date.available
2014-05-08T03:01:04Z
dc.date.issued
2014-05-07
dc.date.lastModified
2017-12-14T05:25:08Z
dc.description.abstract
The unprecedented progress of East Asia Pacific is a triumph of working people. Countries that were low-income a generation ago successfully integrated into the global value chain, exploiting their labor-cost advantage. In 1990, the region held about a third of the world’s labor force. Leveraging this comparative advantage, the share of global GDP of emerging economies in East Asia Pacific grew from 7 percent in 1992 to 17 percent in 2011. Yet, the region now finds itself at a critical juncture. Work and its contribution to growth and well-being can no longer be taken for granted. The challenges range from high youth inactivity and rising inequality to binding skills shortages. A key underlying issue is economic informality, which constrains innovation and productivity, limits the tax base, and increases household vulnerability to shocks. Informality is both a consequence of stringent labor regulations and limited enforcement capacity. In several countries, de jure employment regulations are more stringent than in many parts of Europe. Even labor regulations set at reasonable levels but poorly implemented can aggravate the market failures they were designed to overcome. This report argues that the appropriate policy responses are to ensure macroeconomic stability, and in particular, a regulatory framework that encourages small- and medium-sized enterprises where most people in the region work. Mainly agrarian countries should focus on raising agricultural productivity. In urbanizing countries, good urban planning becomes critical. Pacific island countries will need to provide youth with human capital needed to succeed abroad as migrant workers. And, across the region, it is critical to ‘formalize’ more work, to increase the coverage of essential social protection, and to sustain productivity. To this end, policies should encourage mobility of labor and human capital, and not favor some forms of employment - for instance, full-time wage employment in manufacturing - over others, either implicitly or explicitly. Policies to increase growth and well-being from employment should instead reflect and support the dynamism and diversity of work forms across the region.
en
dc.identifier.isbn
978-1-4648-0004-7
dc.identifier.other
10.1596/978-1-4648-0004-7
dc.identifier.uri
http://hdl.handle.net/10986/18198
dc.language.iso
en_US
dc.publisher
Washington, DC: World Bank
dc.relation.ispartofseries
World Bank East Asia and Pacific Regional Report;
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
employment
dc.subject
enterprise
dc.subject
informality
dc.subject
jobs
dc.subject
labor
dc.subject
pacific
dc.subject
productivity
dc.subject
protection
dc.subject
social wellbeing
dc.subject
work
dc.title
East Asia Pacific at Work : Employment, Enterprise, and Well-being
en
okr.crosscuttingsolutionarea
Jobs
okr.crosscuttingsolutionarea
Public-Private Partnerships
okr.date.disclosure
2014-05-07
okr.doctype
Publications & Research :: Publication
okr.externalurl
http://www.worldbank.org/content/dam/Worldbank/document/EAP/region/east-asia-pacific-at-work-full-report.pdf
okr.globalpractice
Social Protection and Labor
okr.globalpractice
Poverty
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-0004-7
okr.identifier.report
87951
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.region.administrative
East Asia and Pacific
okr.region.geographical
East Asia
okr.region.geographical
Oceania
okr.topic
Poverty Reduction
okr.topic
Poverty Reduction :: Poverty Reduction Strategies
okr.topic
Private Sector Development
okr.topic
Social Protections and Labor
okr.topic
Social Protections and Labor :: Labor Law
okr.topic
Social Protections and Labor :: Labor Markets
okr.topic
Social Protections and Labor :: Labor Policies
okr.topic
Social Protections and Labor :: Wages, Compensation & Benefits
okr.topic
Social Protections and Labor :: Work & Working Conditions
okr.unit
EAPCE

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