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Lessons from experience with wage flexibility in Asia (الإنجليزية)

The rapidly developing countries of Asia are firmly committed to export-led export growth strategy. As labor markets tighten, two related policy objectives arise: one is to promote productivity growth to maintain unit labor cost edge in the highly competitive international markets and the other is to maintain employment stability in the face of internal and external shocks. This has brought sharply into focus workings of the labor markets in these...
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