Asian Development Bank (ADB), Asian Development Outlook 2020: What Drives Innovation in Asia?

Abstract

development through the labour migration process. In this chapter, they examine the cost-sharing arrangements in place and show how the Skills Mobility Partnership (SMP) approach can help meet the growing demand for labour migration skills. Apart from discussing this arrangement, this chapter also examines future difficulties in implementing the SMP approach, especially in arranging correct partnerships and ensuring the right incentives for different parties. The relevance of new SMPs to Asian economies is also discussed in this chapter. Based on the world economy’s current economic downturn, labour migration in Asia will be positively affected in future years. At this juncture, the report is highly valuable for the policymakers of Asian economies, academicians, researchers, international agencies and students searching for sound knowledge and data support on the labour migration in Asia. This report includes an in-depth analysis of labour migration with demographic assessments, which opens up some prospective areas of future research on effective labour migration management.