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Vocational Training and Labor Market Transition A Randomized Experiment among Cambodian Disadvantaged Young Adults

23 August 2018
In Cambodia, a trial provided two-month training in housekeeping, with incentives, to low-income young adults in Phnom Penh. The program found that training had no effects on employment outcomes, and it was not enough for disadvantaged youth to break into the labor market.

The Role of Private Sector in Human Capital and Skill Development in Thailand

23 August 2018
Challenges in Thailand’s education sector include skills mismatch and employers’ low satisfaction with workers’ skills. The country’s dual vocational program has seen slow progress partly because of the risk of free riding and difficulty in redeeming tax deduction. The presenter recommends…

Overcoming Double Income Traps in Thailand and Myanmar

23 August 2018
Thailand has been a middle-income country for 40 years, while Myanmar has been a low-income country for 55 years. The presenter cites evidence that Thailand is in a middle-income trap and Myanmar is in a low-income trap, and suggests a safe migration policy between the two countries, focusing on…

Social Protection in a Competitive Economy What Have We Learned

22 August 2018
Australia has a well-targeted welfare system. Gross income is unequal, but taxes and transfers make it more equal, and government invests a lot in health and education. However, the government should also consider privatization, active regulatory oversight, and incentives to inform market design.

Changing Task Content of Jobs in India Implications and Way Forward

22 August 2018
The number of non-routine cognitive jobs has surged in India, driven by technology and mostly contributed by the services sector. Routine cognitive tasks, however, remain at the same level in services and agriculture.

Labor Market and Skills Gap in the ICT Sector in Bangladesh An Exploratory Study

22 August 2018
ICT is emerging as a promising sector in Bangladesh; it employs more than 200,000 people. The market size of ICT services is about $2 billion and aims to reach $5 billion in 2021. The challenge is to train and prepare human capital, as most IT graduates are deemed not ready to start a job.

ST Workers for Innovation and Growth in Sri Lanka

22 August 2018
Science and technology (S&T) workers in Sri Lanka composed 12% of employed workers in 2016. To further increase the percentage of S&T workers, the presenter recommends expanding access to higher education in S&T, reducing labor mismatch, and promoting professional and technical jobs.

Peoples Republic of Chinas Economic Outlook and the ChinaUS Trade Disputes

22 August 2018
The People’s Republic of China saw steady economic momentum in the first half of 2018. Aware of potential uncertainties from domestic and international shocks, including the trade dispute with the US, the country has taken a proactive fiscal policy and measures to further open its market and…

Australian Economic Outlook

22 August 2018
Australia is enjoying its 25th straight year of economic growth. Risks could arise from increasing housing prices and household debt, and weak growth in wages and household incomes. Investment remains subdued, and growth is more reliant on government spending and net exports.

Introduction Upgrading Human Capital and Skills Development for Future Asia

22 August 2018
Asia has seen a proliferation of educated workers, non-routine cognitive jobs, and jobs in IT, finance, and communications. However, youth unemployment remains high, and many developing Asian countries will see much change in the percentage of their population aged 15-64 between 2017 and 2030.