Labor Migration and Economic Growth in East and Southeast Asia
East and Southeast Asia face major demographic changes over the next few decades as many countries' labor forces will start to decline, while others will experience higher labor force growth as populations and participation rates increase. A w...
| Main Authors: | , , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/10/18359743/labor-migration-economic-growth-east-southeast-asia http://hdl.handle.net/10986/16858 |
| Summary: | East and Southeast Asia face major
demographic changes over the next few decades as many
countries' labor forces will start to decline, while
others will experience higher labor force growth as
populations and participation rates increase. A well-managed
labor migration strategy presents itself as a mechanism for
ameliorating the impending labor shortages in some East-Asia
Pacific countries, while providing an opportunity for other
countries with excess labor to provide migrant workers that
will contribute to the development of the home country
through greater remittance flows. Although migration would
be unable to offset the economic impacts of the declining
labor forces in the countries with shrinking populations, a
more flexible migration policy, allowing migrants to respond
to the major demographic changes occurring in Asia over the
next 50 years, would be beneficial to most economies in the
region in terms of real incomes and real gross domestic
product over the 2007-2050 period. Such a policy could
deeply affect the net migration position of a country.
Countries that were net recipients under current migration
policies might become net senders under the more liberal
policy regime. |
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