Publication Type

Book

Publication Date

10-2016

Abstract

The dynamic economies of Singapore, Malaysia, Thailand, Indonesia and the Philippines (ASEAN-5) boasts a growth rate of close to 5% a year despite the sluggish global economy. However, whether ASEAN-5 can grow to be significant players in the global economy will depend critically on their abilities to train workers with relevant job skills required by growth-driving industries. This challenge requires governments and employers to work together and develop coherent policies and targeted incentive structures for workers to acquire general and job-specific skills. The report Managing Skills Challenges in ASEAN-5 provides insights and recommendations on how the ASEAN-5 countries can respond to skills challenges impacting their economies.

Keywords

employee training, labor force, ASEAN, Southeast Asia, economic growth

Discipline

Asian Studies | Growth and Development | Labor Economics | Public Affairs, Public Policy and Public Administration

Research Areas

Macroeconomics; Political Science

Publisher

J. P. Morgan

City or Country

Singapore

Copyright Owner and License

Singapore Management University and J.P Morgan

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

https://socsc.smu.edu.sg/news/2016/nov/01/managing-skills-challenges-asean-5