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Structural Transformation and Labour Markets in Asia and the Pacific
Structural Transformation and Labour Markets in Asia and the Pacific
February 5, 2024
This study zooms in on structural transformation and labour market performance across the Asia-Pacific region, with a view to identify the critical factors shaping the region’s development trajectory in this post-pandemic era. Foremost, it underscores the importance of: addressing structural imbalances that characterize domestic labour markets, implementing more integrated policy approaches that tackle the interlinkages between macro-level levers to advance structural transformation, promoting more inclusive labour markets to build resilience to future shocks, and integrating ‘green’ considerations in these transformation processes. Responsibly managing automation and digitalization to prevent widening inequalities in labour markets is also an issue it addresses.