Syndicate content

Add new comment

Although I agree that some signs are encouraging the job market is far from healthy in developing countries. I find this report misleading, although the positive trends are stronger in the BRIC countries, they are not universal in emerging/developing economies. The report itself shows that there has been a drop in year to year job growth in China and Indonesia. Year on year unemployment has remained the same in China sustained GDP growth. And this report doesn't address the fall in hours in some countries or the fact that much of the employment is not in decent work but instable and informal work. The difference with developed countries is more likely to be the strong safety net in developed economies that allows people to be unemployed for some time. This does not exist in many of the developing countries, therefore people are forced to work even if it is under extremely poor conditions. Speaking of Asia and the Pacific. The report contains no Pacific countries (unless one includes Indonesia) and the sample chosen and the aggregate year on year numbers mask other changes. This report ignores the worrying youth unemployment numbers in Asia and the Pacific with youth 3 to 6 times more likely to be unemployed than adults and this will affect the long term labour market prospects for this cohort. In Indonesia although they experienced a steep fall in unemployment among youth from 2006 to 2010 (6.8 to 4.2 million) in the past year the youth unemployment among young people has experienced a sharp increase of 700,000. Sri Lanka also experienced a similar pattern with youth unemployment falling from 2006 to 2010 and then experiencing an increase in 2011. Finally, China, Indonesia and Thailand are not representative countries for the region. Even using these three, if one removes Thailand from the EAP sample, because the country is an outlier when it comes to unemployment, then the job picture for the region becomes arguably negative.