ASEAN Community 2015: Managing Integration for Better Jobs and Shared Prosperity
The ASEAN Economic Community (AEC), as a single market and production base, brings new opportunities for prosperity for the region, but unless managed properly, the AEC may add to existing labour market deficits and increase inequality.
Utilizing the full potential of the AEC to deliver more and better jobs requires decisive action including better management of structural change, ensuring that economic gains lead to shared prosperity and strengthening regional cooperation.
Based on official national and international sources, this publication gives an overview of ASEAN’s recent economic and labour market trends. It examines the AEC’s impacts on labour markets through model simulations and empirical and policy analyses. The report aims at providing policy recommendations to promote better jobs and balanced growth. It also addresses the AEC’s challenges and opportunities to strengthen regional cooperation mechanisms, facilitate structural change and improving job quality, enhance skills development, boost productivity and wages, and manage labour migration.