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  • Writer's pictureSylvain Richer de Forges

Making Strides Towards SDG 8 in Southeast Asia

Making Strides Towards SDG 8 in Southeast Asia: A Progress Update 

As we strive for sustainable and inclusive economic growth in Southeast Asia, it's crucial to assess our progress towards SDG 8: Decent Work and Economic Growth. Here's a snapshot of the advancements made across the region:

Reduced Unemployment Rates: 

According to the International Labour Organization (ILO), from 2010 to 2020, unemployment rates in Southeast Asia dropped from 6.3% to 4.9% due to concerted efforts towards job creation and skills development. (source ILO)

Improved Labor Productivity:

 A steady rise in labor productivity has been observed in countries like Singapore, Malaysia, and Thailand. From 2015 to 2020, Singapore's labor productivity increased by 9.8%, Malaysia by 4.2%, and Thailand by 3.9%, reflecting a positive trend towards sustainable economic growth. (Source: eorld bank)

Advancements in Gender Equality in the Workforce:

 Efforts to promote gender equality in the workforce are yielding results. The participation of women in the labor force increased in countries like Vietnam, from 72.3% in 2010 to 76.3% in 2020, showcasing progress towards inclusive economic growth. (Source: World Bank)

Challenges Ahead: 

Despite these advancements, challenges remain. Informal employment rates remain high, affecting job quality and social protection for workers. Addressing this gap is essential for achieving sustainable and inclusive economic growth.

Let's continue our collaborative efforts to further these achievements, working towards a future where decent work and economic growth are accessible to all in Southeast Asia.

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