Routes out of the crisis: strategies for local employment recovery and skills development in Asia
Since September 2008, the global economic and financial crisis has echoed across all sectors and regions, with each country being affected differently.
Developing countries have gone through three different stages of the crisis:
- the collapse of high-trade industries;
- the drying up of private capital flows and remittance transfers;
- domestic economic slowdown due to reduced consumption.
The diverse impact of the crisis has been quite evident in Asia. Countries whose economies have been heavily dependent on the export of basic commodities and manufactured goods have so far borne the brunt of the economic slowdown. Countries with robust domestic economies, sound fiscal positions, excess reserves and large domestic markets have been able to weather the shock better.
This regional Expert Meeting will analyse local responses to the current global crisis in countries like Pakistan, Bangladesh, Nepal, Cambodia, Viet Nam, China, the Philippines and Indonesia, and discuss strategies for local employment recovery and skills development.
The meeting will produce a set of conclusions and recommendations to national and local policy makers. A future joint ILO/OECD publication will bring these together. They will be used as input into the bi-annual ILO Asian Regional Meeting of Labour Ministries, Employers’ and Workers’ Organizations in July 2010 and will be reported on to the OECD LEED Directing Committee.
The results will also feed into the ESSSA initiative, and will be used by the ILO to support response strategies in Asia.
(For detailed information and registration, please visit the following website: http://www.ledknowledge.org/?mod=doc&act=detail&id=221&idC=3,-1 )
(1) The Global Jobs Pact is the ILO response to the global jobs crisis. It sets out principles for cooperation in responding to the crisis, and a portfolio of measures that countries can adapt to their specific needs and situation. It recommends that governments and multilateral agencies consider: measures that foster the development of sustainable enterprises; effective, targeted, active labour market policies; investment in public infrastructure and “green” production and services; skills development and training programmes; broadening of social protection and minimum wages; and support for the most vulnerable.