Adb Blueprint To Make Asian Tigers Roar

which labour relations can be rationally conducted in a decentralised fashion, the study says.

Similarly, countries embarking on the reforms process would have to undertake efforts to absorb the labour that will be displaced when traditional industries give way to the sunrise industries. Skill upgrading will not be an option. It will be a precondition for economic advance, the report states.

This would have to go hand-in-hand with social safety nets to mitigate the social stress and adjustment costs that accompany economic restructuring. Additionally, since occupational migration is bound to take place, the state will have to put in place an orderly housing market.

 

This cataclysmic change forecast by the ADB will inevitably be accompanied by a radical recast of governments as we understand them today.