chapter  1
10 Pages

Labour Markets In Asia: Globalization and Transition

WithJOHN BENSON, YING ZHU

Introduction and key questions Asia has undergone a rapid transformation over the past few decades as countries in the region have embraced the processes of globalization and have sought to develop more market-based economies. Foreign capital has flowed into the region and trade amongst Asian countries – and between Asia and the rest of the world – has substantially increased. The resultant industrialization has led to an exodus from rural areas and agriculture, and a move to urban areas in search of work in the growing industrial sectors. The ensuing economic growth has attracted considerable attention and has resulted in a significant volume of research being undertaken in an attempt to explain the rapid growth of Asian countries, and to assess the impact of this growth on workers and society (see, for example, World Bank 1993, 1995; Leipziger 1997; Muqtada and Basu 1997).