15 August
2014
The International
Labor Organization (ILO) says it will launch a new study in Jakarta next week
on how labor markets will be affected by the ASEAN Economic Community coming
into effect at the end of next year.
In a
statement, the ILO said the Asian Development Bank would join the launch of the
report which uses economic model simulations to assess the AEC's impact on labor
markets. "It highlights the challenges and opportunities that will
accompany the AEC, including managing labor migration, boosting productivity
and wages, improving job quality, and supporting the required structural
changes and regional cooperation.”
The report
also offers policy recommendations for creating better jobs and ensuring that
the benefits of the AEC are equitably shared.
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