Labour Migration and Economic Growth in East and South-East Asia

World Economy ◽  
2015 ◽  
Vol 40 (1) ◽  
pp. 116-139 ◽  
Author(s):  
Terrie Walmsley ◽  
Angel Aguiar ◽  
Syud Amer Ahmed
Author(s):  
E. Kanaev ◽  
A. Kurilko

The 1997–1998 financial crisis brought the issue of necessity to implement deep structural reforms to the agenda in South-East Asia countries. Domestic consumption encouragement, increase of cooperation between different countries' real sectors of economy and strengthening the role of the ASEAN countries in both anti-crisis arrangements and arriving at consensus on interaction with communication partners became focus areas. The detailed specification of measures assumed by particular countries of the region to mitigate crisis effects, stabilize economy and formulate a strategy of economic growth is presented in the article.


2020 ◽  
pp. 097215091989095
Author(s):  
D. Tripati Rao ◽  
Narayan Sethi ◽  
Devi Prasad Dash ◽  
Padmaja Bhujabal

We examine the interrelationship among foreign aid, foreign direct investment (FDI) and economic growth in South-East Asia (SEA) and South Asia (SA) during 1980–2016. The findings from alternative empirical estimations suggest that while foreign aid is negatively associated with FDI as well as growth, FDI positively influences growth. Further, governmental financial assistance to private sector for domestic investment turns out to be important in all empirical estimations insofar as positively associated with FDI flows as well as growth. We, therefore, infer that low-income SEA and SA economies should focus on channelizing governmental financial assistance to private sector for domestic investment, macroeconomic stabilization, trade openness, and efficient utilization of aid flows, in order to attract, absorb and reap the benefits of complementing FDI flows and sustaining higher economic growth.


1997 ◽  
Vol 22 (4) ◽  
pp. 3-14
Author(s):  
Pavan Gupta ◽  
Ross L Chapman

In recent years, many South East Asian nations have shown strong economic growth coupled with success in attracting considerable direct foreign investment. In order to sustain the current and projected growth levels, many countries in South East Asia will need to focus on major investments for infrastructure development, especially in their power generation and distribution sectors. As highlighted by the current financial crises being experienced in several South East Asian nations, the future growth of this region will require much stronger support from the international financial institutions, which in turn will lead this region toward a greatly increased level of privatization. The establishment of contestable energy markets is a particularly good example of the type of developments required in these nations. In order to create a healthy climate for the massive financial investment needed for a truly liberalized energy market, a number of difficult political and social issues common to many of these rapidly developing economies must be resolved.


2012 ◽  
Vol 57 (S20) ◽  
pp. 225-252 ◽  
Author(s):  
Amarjit Kaur

SummaryLabour brokerage and its salient role in the mobility of workers across borders in Asia has been the subject of recent debate on the continuing usefulness of intermediaries in labour mobility and migration processes. Some researchers believe that labour brokerage will decline with the expansion of migrant networks, resulting in reduced transaction costs and a better deal for migrant workers. From an economic standpoint, however, reliance on brokers does not appear to have a “use-by date” in south-east Asia. Labour brokers have played an important role in organizing and facilitating officially authorized migration, particularly during the contemporary period. They undertake marketing and recruitment tasks, finance migrant workers’ travel, and enable transnational labour migration to take place. Consequently, both sending and destination states have been able to concentrate on their role as regulatory “agencies”, managing migration and ensuring compliance with state regulatory standards and providing labour protection. Private recruitment firms have simultaneously focused on handling the actual recruitment and placement of migrant workers. Notwithstanding this, the division of responsibilities in the migration regimes has also led to uncontrolled migration and necessitated intervention by the state during both periods. These interventions mirror the ethos of the times and are essential for understanding past and present political environments and transnational labour migration in south-east Asia.


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