Globalization, Outsourcing and Labour Development in ASEAN

1st Edition

Shandre Thangavelu, Aekapol Chongvilaivan

Routledge
Published March 4, 2015
Reference - 160 Pages - 27 B/W Illustrations
ISBN 9781138901384 - CAT# Y185332
Series: Routledge Studies in the Modern World Economy

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Summary

Due to technical advances in production and communication technology, outsourcing – contracting out production of intermediate materials and services – has affected the economic growth of the ASEAN region. This new book fills an important gap in the literature looking at the impact outsourcing has on labour markets, its subtle effects on regional economies and policy implications.

Shandre Thangavelu and Aekapol Chongvilaivan investigate various impacts of outsourcing on labour markets, such as its effects on labour productivity, skill upgrading, human capital, and training, in ASEAN economies with a focus on the experience of the two ASEAN countries as a global hub of outsourcing: Singapore and Thailand. This book approaches these research inquiries by developing several econometric models, including primal production functions and dual cost functions, among others. The empirical evidence this book reveals provides interesting insights into and implications on labour and industry development.

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