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.
In Sri Lanka, an effort to match education with the skills needed in the workplace provides valuable lessons for the future of work.
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.
With the right policies, enough jobs can be created to employ returning workers and creating the opportunity for a new era in agricultural entrepreneurship in the region.
Strong remittance inflows should be used as an opportunity to strengthen the systems that help overseas workers and their families back at home.
Companies deploying Fourth Industrial Revolution technologies, and investing in reskilling and upskilling for digital occupations, are likely to recover faster from the impact of the pandemic.
The discourse on quality jobs and decent work has changed since the onset of the pandemic. This transition has provided key insights and policy implications.
Young people are losing jobs faster than adults, but targeted policies can help them re-engage with the labor market.
To make it easier for companies to participate in work-based training, governments need to mandate, fund, and train institutions to provide such services.
A tax on migrating workers compensates the exporting country for loss of the human capital created by its education and skills development programs.