Publication Type
Book
Version
publishedVersion
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
Citation
TAN, Kim Song and TANG, James T. H..
New skills at work: Managing skills challenges in ASEAN-5. (2016).
Available at: https://ink.library.smu.edu.sg/soe_research/1891
Copyright Owner and License
Singapore Management University and J.P Morgan
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://socsc.smu.edu.sg/news/2016/nov/01/managing-skills-challenges-asean-5
Included in
Asian Studies Commons, Growth and Development Commons, Labor Economics Commons, Public Affairs, Public Policy and Public Administration Commons