Title: Spotlight 2: Past Jobs Strategies in East Asia: Could They Work Today?
Abstract: No AccessMay 2014Spotlight 2: Past Jobs Strategies in East Asia: Could They Work Today?Authors/Editors: Truman G. Packard, Trang Van Nguyen, Melissa Adelman, Thomas Bowen, Ximena Del Carpio, Jennifer Golan, Tobias Haque, Mee Jung Kim, Alexander Krauss, Ahmed RostomTruman G. PackardSearch for more papers by this author, Trang Van NguyenSearch for more papers by this author, Melissa AdelmanSearch for more papers by this author, Thomas BowenSearch for more papers by this author, Ximena Del CarpioSearch for more papers by this author, Jennifer GolanSearch for more papers by this author, Tobias HaqueSearch for more papers by this author, Mee Jung KimSearch for more papers by this author, Alexander KraussSearch for more papers by this author, Ahmed RostomSearch for more papers by this authorhttps://doi.org/10.1596/978-1-4648-0004-7_spotlight2AboutView ChaptersFull TextPDF (0.1 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract: Concludes that earlier forms of policy, with and without explicit employment objectives, may not prove viable for emerging East Asia Pacific countries in today’s more globalized, rules-based, and fast-changing economic environment. The potential costs of government failures in implementing employment strategies and industrial policies that might have been successful in the past are likely on the rise with increasing global and regional integration. The fast pace of globalization intensifies competition in the product and factor markets, making it increasingly costly to interfere unnecessarily with households’ and firms’ incentives and responses to market signals. In the East Asian economies with rapidly evolving demand for work, top-down approaches like past forms of targeted sectors and manpower planning could become too rigid, adjust too slowly, and overemphasize technical skills over foundational cognitive and behavioral skills. Priority public investments will build on sound fundamentals, releasing constraints on the creation of employment that propels productivity, improves living standards, and strengthens social cohesion. 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Publication Year: 2014
Publication Date: 2014-05-07
Language: en
Type: book-chapter
Indexed In: ['crossref']
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