Quantcast
  Free Trial!
  Today’s Best Stocks To Trade!   
Click Here



Stocks

Trading Ideas

Short Term
Long Term
All Trading Ideas


Trading Lessons

Strategies
Courses
Interviews
Glossary
All Trading Lessons


Daily Stock Setups

Connors Daily Battle Plan
Haggerty Professional
Kaltbaum Intra-day Set-ups
Short Term PowerRatings
Long Term PowerRatings
TM Indicators


Trading News

Markets Updates
Technical Alerts
Breaking News


PowerRatings

Short Term
Long Term
Charts


Indicators

Stocks
Market Bias


Quotes

Markets
Stocks
Charts
Level II
Historical Data
Options


Trading Contests

Up or Down


 
Improving Employment Opportunities in Pacific Island Developing Countries
Thursday, April 03, 2008; Posted: 09:23 PM
Stocks RSS
Apr 03, 2008 (Asia Pulse Data Source via COMTEX) -- -- Governments of Pacific island economies need to review labour legislation in efforts to reduce youth unemployment and promote women in the workforce, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) reports in its latest publication Improving Employment Opportunities in Pacific Island Developing Countries.

ESCAP says the legislation needs to respond to changing macroeconomic and business conditions. While recognizing the need for change, it also calls for the maintenance of adequate protection for workers and continued strengthening of skill development programmes.

For improvements in labour market conditions to occur, governments should look to economic and structural reforms to boost growth, and expand training and industry promotion activities.

Many of the countries are revising and updating their labour legislation, with the aim of reflecting changing market conditions. But improving labour market flexibility while maintaining adequate protection for workers requires considerable political will.

ESCAP adds that ?governments are vital in promoting efficient labour markets. Legislation for labour and employment needs to be reviewed and updated to respond to changing macroeconomic and business conditions.?

There are also signs that a growing number of young and educated people with aspirations beyond village-based agriculture and fishing will have greater difficulty in finding employment, especially in the more populous countries.

The populations of Papua New Guinea, Solomon Islands, Vanuatu, Kiribati and the Marshall Islands are forecast to grow substantially by 2029 but high migration rates will ease population pressures in the Cook Islands.

Public sector employment is unlikely to grow and prospects for private sector growth in Papua New Guinea, Solomon Islands and Vanuatu will remain tight unless the investment environment improves substantially.

Underemployment is also widespread. Underemployment refers to people who work fewer hours than they would be willing and able to work or are working in positions requiring less skill than they actually possess. Many people are engaged in subsistence and small-scale cash-cropping activities. They are often hampered by lack of skills and access to high quality-education and training facilities.

In addition, more women need to find formal employment. Their labour force participation rates are low. Youth unemployment is also widespread among the 15 to 24 age group. ?In the Solomon Islands and Vanuatu, youth unemployment is especially acute,? according to the ESCAP publication and many youth have no choice but to join the informal employment sector.

Migration of skilled workers has been a feature in some parts of the Pacific. ?Remittances now account for a high proportion of the gross national income in these countries?, the report noted.

ESCAP also recommended a greater role for social security schemes. ?Many have national provident funds, provided by acts of Parliament, which require employees and employers to contribute. Since these schemes cover only formal sector employees, people working in the informal sector are not covered.?

Headquartered in Bangkok, Thailand, ESCAP is the largest of the United Nations? five regional commissions in terms of membership, population served and geographic coverage. The only inter-governmental forum covering the entire Asia and Pacific region, it aims to promote economic and social progress?..

Morning Coffee with TradingMarkets -- Free Newsletter

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Stocks RSS





PREMIER SPONSORED LINKS
TRADE CENTER

The TradingMarkets Directory
Stocks
Quotes
Charts
How to Trade
Commentary and Analysis
PowerRatings
Training Classes
Tools
Stock Scanner
Daily Market Bias

Options
Quotes
Charts
How to Trade
Commentary and Analysis

Forex
How to Trade
Forex Momentum Index
Pivots

E-mini/Futures
Quotes
Charts
How to Trade
Daily Market Bias

How to Trade
Stocks
Options
Forex
E-mini/Futures
Glossary

Tools
Short Term PowerRatings
Long Term PowerRatings
Stock Screener
Quotes & Charts
Stock Indicators
Market bias Indicators

PowerRatings
Short Term PowerRatings
Long Term PowerRatings
Industry PowerRatings
PowerRatings Charts
Training Classes
PowerRatings Strategies
Search PowerRatings

Trading Contests
Up or Down Stock Contest
#1 - Win $1000 every month

Up or Down Forex Contest -
Win $1000 every month


Premium Subscription Services
Short Term PowerRatings Free Trial
Long Term PowerRatings Free Trial
TradingMarkets Subscription Free Trial
Daily Battle Plan Free Trial
Gary Kaltbaum - Intraday Breaking Alerts Free Trial
Kevin Haggerty Professional Trading Service Free Trial
Forex Force with Mark Whistler Free Trial

RELATED SITES
Nothing but forex



All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2008 The Connors Group, Inc.