National policy dialogue on the ASEAN community 2015

Philippine Launch and High-level National Policy Dialogue on the ASEAN Community 2015: Managing Integration for Better Jobs and Shared Prosperity

The ILO and the Asian Development Bank, with support from the ASEAN Secretariat conducted a study on ASEAN Community 2015: Managing integration for better jobs and shared prosperity. The report with the Philippine Country Brief was launched in a high-level national policy dialogue.


Background

The ASEAN Economic Community (AEC), a single regional common market and production base, will become a reality in 2015 for the 600 million women and men of the ten ASEAN member States. This initiative will lead to the freer flow of goods, services, investment and skilled labour in the region.

The International Labour Organization (ILO) and the Asian Development Bank (ADB), with support from the ASEAN Secretariat, have conducted a study on the ASEAN Community 2015: Managing integration for better jobs and shared prosperity.

The Philippines population of nearly 100 million accounts for around one in six of the ASEAN total. Domestic consumption is among the highest rates in the region. The country’s electronics, information technology and business process outsourcing industries are key sectors, and the prospects for these and other growing industries under the AEC are vast. Whether or not the AEC leads to greater shared prosperity in the Philippines, however, will depend significantly on the labour market policies adopted. Despite strong economic growth in recent years, high inequality and working poverty persists. Low labour productivity, especially in agriculture, and widespread vulnerable employment continue to slow efforts towards greater social progress.
 

ASEAN Community 2015: Managing integration for better jobs and shared prosperity

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