Member economies of the APEC Forum need to do a lot more to promote economic growth to combat population aging, according to a paper presented at the Workshop on the Development of an APEC Labor Mobility Framework in Nha Trang, Viet Nam on February 18.
Representatives from APEC member economies and global experts convened at the Workshop in Viet Nam to share views on the diverse factors which affect mobility of labor and skills in the region and to develop a way forward for the general APEC membership.
The report by APRU experts Rafal Chomik, John Piggottand Peter McDonald, which was commissioned by the Australian Government Department of Employment to APRU, aims to influence a regional framework on labor mobility issues. The report suggests that cooperation in migration policy, education, and technology transfer would allow emerging economies within APEC to increase rates of growth, countering the “headwinds” of population aging.
APRU Population Aging Research Hub Chair and Director of the ARC Centre of Excellence in Population Ageing Research (CEPAR), UNSW Sydney, Dr. John Piggott said that there appeared to be good opportunities for cooperating in the area of education and labour migration.
Economies such as the US, Japan and Australia have large student cohorts from a range of APEC jurisdictions,” he said.
Simplifying the process of deciding whether students from APEC countries meet specific criteria for admission to educational institutions, and also visas and associated documentation, would help in developing a better educated and globally mobile workforce for APEC”, he said.
Professor Albert Park, HKUST and APRU Population Aging Research Steering Group member, also took part in a panel discussion that took place at the Workshop which was held alongside the 1st APEC Senior Official Meeting hosted by Viet Nam in Nha Trang. Experts from the Australian National University also contributed to the Workshop.
APRU experts will continue to be actively involved in the next phase of the development of the APEC labour mobility framework, providing a foundation for policy making in APEC economies.
UNSW Sydney, The University of Melbourne, HKUST and Australian National University are members of the Association of Pacific Rim Universities, a network of 45 leading research universities that aims to address key social, environmental and economic challenges in the Asia-Pacific region.
APEC SOM1 2017 photos at: https://flic.kr/s/aHskS3u8Kg
Download attachements below.
- Working Paper: The impact of demographic change on labour supply and economic growth