Asean 2015: Free movement of labour

Asean 2015: Free movement of labour

Thailand attractive for skilled workers (doctors, nurses, engineers, accountants, tourism) under Asean free labour markets in 2015.



In photo above Nobel laureate economist Joseph Stiglitz and others debate the future of the Asean workforce and labour issues last week at the World Economic Forum.

Click button to listen to Stiglitz on Asean Labour Markets to download

WEF
REGIONAL DEVELOPMENT

Economists mixed on Asean labour flow

Stiglitz eyes payment for brain drain
5/06/2012
Nanchanok Wongsamuth

Integration in some areas in Asean such as labour should come gradually to ease the risk of a "brain-drain", according to experts speaking at the World Economic Forum on East Asia last week.

Joseph E Stiglitz, a Nobel Laureate in economics and a professor at Columbia University, stressed the need for a managed flow of talent in order to prevent the "hollowing out" problem. With countries investing in people who later on move somewhere else, there needs to be a form of compensation for that country, he said

"Asia has a lot of diversity. The concern of all doctors going from poor to rich countries should be a real concern, and there should be assistance from richer companies for them to maintain adequate healthcare," he said.

Asean secretary-general Surin Pitsuwan said unlike the European model, which uses the free movement of people, the diversity of the 10 economies in Asean requires free movement of skilled labour.

The AEC would pave the way for the free flow of skilled labour in eight professions comprising doctors, dentists, nurses, engineers, architects, accountants, surveyors and the tourism industry.

However, it has to be step by step, as there will be economic migration into a country like Thailand, which has a relatively stronger economy than its neighbouring countries, said Mr Surin.

"If there is free movement of labour, countries like Thailand and Malaysia will be engulfed," said Mr Surin.

He said the specific industrial strengths of each nation will lead to a natural selection process. For instance, the electronics industry will go to Malaysia; banking, finance and logistics to Singapore, automotive and food processing to Thailand, and extracting natural resources to Indonesia. 

"We have to invest in the creativity of our people, and countries moving fast will attract more. That's why competition in Asean is important. A lot of multinational corporations are creating an advantage in this landscape, and we have to encourage Asean labour to move around and help develop all these economies," said Mr Surin. 

Rajat M Nag, managing director-general of the Asian Development Bank in Manila, said there has to be first a movement of goods and services, so the labour segment should not be rushed

"But ultimately, you must not stop people from going where the opportunities are," he said

On the other hand, Malvinder M Singh, executive chairman of Fortis Healthcare, said the free flow of talent should happen earlier rather than later due to demand in the healthcare business.

"I would like to urge leaders to create a framework where [labour] can freely move. If you enable the opportunity, businesses will come," he said.

We should look at Asean as one economy and let the market decide where people want to go and work, as well as where investors will go. As long as you are able to provide a framework, let the markets play. This will ensure competitiveness and bring more investment.

(Source: Bangkok Post, WEF, REGIONAL DEVELOPMENT, Economists mixedon Asean labour flow, Stiglitz eyes payment for brain drain, 5/06/2012
Nanchanok Wongsamuth, link

International Labour Markets Vocabulary

brain drain - "the movement of highly skilled people from one country, area or industry to another, where they can earn more money or work in better conditions" (See Wikipedia)

Joseph Stiglitz - a famous liberal economist who looks at issues from the viewpoint of developing countries in his work & actively tries to help them (See Wikipedia)

Nobel Prize in economics -
(See Wikipedia)
laureate -
a person who has won some prize or award
Nobel laureate -
a person who won a Nobel Prize

debate - a discussion or formal argument on an issue between people with different views (See Wikipedia)

workforce -  all the people in an area or country available for work or all the people who work for a company แรงงาน
Asean workforce

issues - an important subjects that people are discussing and debating about  ประเด็น
labour issues

World Economic Forum (WEF) - a forum with representatives from many countries drawn from different sectors including government, business, NGOs, etc (See Wikipedia)

flow - an amount or number of people or things coming into a place over a period of time
Asean labour flow

mixed on - haved mixed opinions about

Economists mixed on Asean labour flow

X eyes Y - looks closely at for some reason (wants to buy, sees problems with, etc)

Stiglitz eyes payment for brain drain

integration - bringing different things together into one working whole; unification

ease - reduce a problem; to make or become less severe, difficult, unpleasant, painful, etc ทำให้ง่าย บรรเทา
risk - danger, how likely or possible it is for a bad event that causes harm and damage ความเสี่ยง
ease the risk of - reduce the danger of

Integration in some areas in Asean such as labour should come gradually to ease the risk of a "brain-drain", according to experts speaking at the World Economic Forum on East Asia last week.

stress -
say that something is important, emphasize, highlight
stressed the need for

flow

talent - a natural ability to be good at something, especially without being taught ความสามารถพิเศษ
managed flow of talent

the "hollowing out" problem
compensation - money that someone receives because something bad has happened to them เงินชดเชย  การจ่า่ยเงินชดเชย

Joseph E Stiglitz, a Nobel Laureate in economics and a professor at Columbia University, stressed the need for a managed flow of talent in order to prevent the "hollowing out" problem. With countries investing in people who later on move somewhere else, there needs to be a form of compensation for that country, he said

diversity - varirty;  including many different types of things or people ความหลากหลาย
a lot of diversity

concern
- a worry; somethingt that people worry about  ความกังวล

assistance - help (given to someone)

maintain - to keep รักษา
adequate - good enough or large enough for a particular purpose; good enough to do the job;  enough to achieve goals พอเพียง
maintain adequate healthcare

healthcare - the treatment and prevention of diseases and other medical problems

"Asia has a lot of diversity. The concern of all doctors going from poor to rich countries should be a real concern, and there should be assistance from richer companies for them to maintain adequate healthcare," he said.

free movement -
when people can go where they want (can migrate to live and work in other countries without problems)
free movement of people
free movement of
skilled labour

Asean secretary-general Surin Pitsuwan said unlike the European model, which uses the free movement of people, the diversity of the 10 economies in Asean requires free movement of skilled labour.

pave the way for - create the right conditions needed for something to happen
professions - jobs that require special education, training and experience such as doctor, accountant, lawyer, architect, etc
comprising - consisting of ประกอบด้วย

The AEC would pave the way for the free flow of skilled labour in eight professions comprising doctors, dentists, nurses, engineers, architects, accountants, surveyors and the tourism industry.

step by step - doing things slowly, doing one step at a time (not rushing and doing all steps at once)

migration - moving from one place to another place to live or work การอพยพ
economic migration - moving to another place to live and work because you can make more money there

engulfed - covered or surrounded by something harmful, in this case, fire ปกคลุม

However, it has to be step by step, as there will be economic migration into a country like Thailand, which has a relatively stronger economy than its neighbouring countries, said Mr Surin."If there is free movement of labour, countries like Thailand and Malaysia will be engulfed," said Mr Surin.

natural - found in nature (not made in a factory by humans) ตามธรรมชาติ
natural selection - the process that drives evolution creating animals and plants that are better suited to their environment (something similar may work in the world of business) (See Wikipedia)

process - a series of actions that you take in order to achieve a result แนวทางปฏิบัติ, กระบวน, วิธีการ

finance
- to provide money for something; money to expand a business, project funding  จัดหาเงินทุนให้
logistics - transporting and storing goods on the way from factory to consumer (See Wikipedia) การขนส่งและจัดจำหน่ายสินค้า

automotive industry -
the making of cars and trucks
food processing - the preparation, cooking and packaging of food products from the crops that farmers grow and raise

natural resources - things such as coal, trees and oil that exist in nature and can be used by people ทรัพยากร
extracting natural resources - getting natural resources from the land (cutting trees, drilling for and pumping oil, etc)

He said the specific industrial strengths of each nation will lead to a natural selection process. For instance, the electronics industry will go to Malaysia; banking, finance and logistics to Singapore, automotive and food processing to Thailand, and extracting natural resources to Indonesia. 

attract - to cause someone to be interested in something ดึงดูดความสนใจ
advantage
- a condition giving a greater chance of success ความได้เปรียบ

corporations - a large company (registered with the government as separate legal entity, owned by many shareholders) (See Wikipedia)
multinational corporations (MNCs) - a company that operates in many different countries, especially large and powerful companies (See Wikipedia)

landscape
- environment, situation
encourage - cause someone to gain enthusiasm, motivation, and energy in what they are doing ปลุกใจ

"We have to invest in the creativity of our people, and countries moving fast will attract more. That's why competition in Asean is important. A lot of multinational corporations are creating an advantage in this landscape, and we have to encourage Asean labour to move around and help develop all these economies," said Mr Surin. 

services - บริการต่างๆ things produced in service industries, not a physical good that can be bought, a waitress and a cook in a restaurant provide a service, technically: a sequence of activities that does not result in ownership of the outcome (See Wikipedia on services and the goods and services continuum)

segment
- a separate part of something ตอน ส่วนต่างๆของสังคม
labour segment - the labour or worker part of the economy

rushed - taken somewhere very quickly ด้วยความเร่งรีบ

Rajat M Nag, managing director-general of the Asian Development Bank in Manila, said there has to be first a movement of goods and services, so the labour segment should not be rushed

ultimately - finally, in the end (after a long complicated series of events) ท้ายที่สุด, ตอนสุดท้าย, ในที่สุด
opportunities - situations in which it is possible to do what you want or need to do

"But ultimately, you must not stop people from going where the opportunities are," he said

demand - the need and desire to buy goods and services by households and businesses

On the other hand, Malvinder M Singh, executive chairman of Fortis Healthcare, said the free flow of talent should happen earlier rather than later due to demand in the healthcare business.

urge - to advise someone very strongly about what action or attitude they should take วิงวอน ย้ำเตือน
framework
- a system of rules, ideas or beliefs that is used to plan or decide something ขอบข่ายงาน, โครงร่าง

enable
- to make someone able to do something, or to make something possible ทำให้เป็นไปได้
opportunity - a situation when it is possible to do something that you want to do (See glossary)

"I would like to urge leaders to create a framework where [labour] can freely move. If you enable the opportunity, businesses will come," he said.

provide - to give someone something that they want or need

competitiveness - how well a business can do compared to other firms (does it have lower price or higher quality?) การแข่งขัน

ensure
- to make certain that something happens or is done รับรอง ให้ความมั่นใจ  ให้การยืนยัน
ensure competitiveness

investment - taking your money and putting it into projects to make a profit or earn interest (buying stock shares, bonds, real estate)

We should look at Asean as one economy and let the market decide where people want to go and work, as well as where investors will go. As long as you are able to provide a framework, let the markets play. This will ensure competitiveness and bring more investment.

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