Employment and development in Asia
Rolph van der Hoeven
No wp-2018-107, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
Abstract:
How have economic development, employment, and labour markets in Asian countries interacted since the publication of Myrdal's Asian Drama? Myrdal rejected, the western approach to and definition of employment and emphasized the role of 'informal' employment, but he underestimated the effects of the Lewisian development process. In fast-growing countries with better labour market development, initial conditions have played a role, though less than Myrdal predicted.
Keywords: Labour; Employment; Economic growth; Productivity; Human capital; Income distribution; Macroeconomic policy (search for similar items in EconPapers)
Date: 2018
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