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Impacts of the current economic crisis on Southeast Asian labour markets

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  • Walsh, John

Abstract

Southeast Asian labour markets are characterized by the diversity of the countries of which they are part and by the historical antecedents of colonialism that have largely given them their nature. Most have adopted a form of the export-oriented, import-substituting low labour cost manufacturing paradigm of economic development known as the East Asian Economic Model (EAEM). Having already passed through the Asian Financial Crisis of 1997 and its disruptive effects, workers in the region are facing a different set of challenges as a result of the present ongoing crisis: these include structural changes to the EAEM and the possibility of public unrest in the continuing absence of genuine democratization across most of the region. These factors add some distinctive features to regional labour markets which, nevertheless, consist of people with the same aspirations and desires as those of workers throughout the world.

Suggested Citation

  • Walsh, John, 2010. "Impacts of the current economic crisis on Southeast Asian labour markets," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 3(3), pages 1-12, October.
    • Handle: RePEc:ags:pdcbeh:128682
    DOI: 10.22004/ag.econ.128682
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    References listed on IDEAS

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    1. John Walsh, 2010. "The Street Vendors of Bangkok: Alternatives to Indoor Retailers at a Time of Economic Crisis," American Journal of Economics and Business Administration, Science Publications, vol. 2(2), pages 185-188, June.
    2. Huff, Gregg & Caggiano, Giovanni, 2007. "Globalization, Immigration, and Lewisian Elastic Labor in Pre–World War II Southeast Asia," The Journal of Economic History, Cambridge University Press, vol. 67(1), pages 33-68, March.
    3. H. Son, Hyun & A. San Andres, Emmanuel, 2009. "How Has Asia Fared in the Global Crisis? A Tale of Three Countries: Republic of Korea, Philippines, and Thailand," ADB Economics Working Paper Series 174, Asian Development Bank.
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