Families throughout Asia and the Pacific rely on money sent by relatives overseas. These remittances are threatened by the pandemic but policy actions can help.
Our research indicates that the global economy could lose more than $100 billion in remittances. Governments need to act fast to protect the most vulnerable in society from this loss of vital income.
The pandemic has created an unprecedented crisis for overseas workers and the remittances they send home. But with the right actions by governments, it could also be a chance for long-term change.
COVID-19 has highlighted the need to routinely inspect construction sites including camps and address any overcrowding and unsanitary conditions.
A tax on migrating workers compensates the exporting country for loss of the human capital created by its education and skills development programs.
Global supply chains link the welfare of disaster-hit companies and their surrounding communities to a network of corporations that have an economic incentive to help them bounce back.
Members of the Association of Southeast Asian Nations are working together to encourage the free flow of skilled labor within their countries.
Including youth in the conversation about future jobs will reduce their automation anxiety.
We need to grapple with ‘protected mobility’ – protecting the worker in his/her status at work and mobile trajectory in the labor market.