Unemployment

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Overview

The 2008-2009 global financial crisis has had serious impact not only on economic development but also on labor markets of the Asia Pacific region. According to global forecasting agencies, the world GDP growth dropped tremendously in 2008, worsened in 2009, and was now expected to rebound from 2010 onwards. However, the unemployment rates in most economies remain alarmingly high in comparison to figures from pre-crisis and this trend will continue to have significant implications on the socio-economic and political stability. The unemployment problem is no longer cyclical but structural.

Led by the Chinese Taipei committee of PECC, this international project examined the impact of structural unemployment in the region in the post-crisis period.


Project Objectives

  • Examine the mid to long-term structural unemployment issues and their impact on socio-economic development
  • Identify economic and social factors causing structural unemployment
  • Investigate existing economic and social practices aiming at resolving structural unemployment and mitigating its reverse impact
  • Identify and explore best practices as potential solutions for the mid to long-term structural unemployment in the Asia Pacific
  • Provide feasible policy recommendations for policy makers in the region

 

Program

26th Pacific Economic Community seminar entitled, "Examining the Mid and Long-Term Structural Unemployment Issues in the Asia Pacific," hosted by CTPECC took place in Taipei during the fourth quarter of 2011.

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Discussion Forum

Canada's "Progressive" Trade Agenda: Let's be careful how far we push it
Hugh Stephens, Distinguished fellow, Asia Pacific Foundation of Canada; Vice-Chair of the Canadian National Committee for Pacific Economic Cooperation (CANCPEC)


Comment: Canada - Japan relations: Time to hit reset
Hugh Stephens, Distinguished fellow, Asia Pacific Foundation of Canada; Vice-Chair of the Canadian National Committee for Pacific Economic Cooperation (CANCPEC)


The trouble with Canada’s ‘progressive’ trade strategy
Hugh Stephens, Distinguished fellow, Asia Pacific Foundation of Canada; Vice-Chair of the Canadian National Committee for Pacific Economic Cooperation (CANCPEC)


Near-Shoring gains traction as Globalisation stalls
Mark Millar, Author of Global Supply Chain Ecosystems and Visiting Lecturer at Hong Kong Polytechnic University


Going It Alone in the Asia-Pacific: Regional Trade Agreements Without the United States
Peter A. Petri (PIIE), Michael G. Plummer (Johns Hopkins University and East-West Center), Shujiro Urata (Waseda University) and Fan Zhai (Former Managing Director, China Investment Corporation)