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.
Young people are losing jobs faster than adults, but targeted policies can help them re-engage with the labor market.
A tax on migrating workers compensates the exporting country for loss of the human capital created by its education and skills development programs.
We need to grapple with ‘protected mobility’ – protecting the worker in his/her status at work and mobile trajectory in the labor market.
As the Philippines rebounds from the pandemic, strengthening labor market programs will be critical to help workers and enterprises make the transition.