Employment Strategy in Asia

Employment Strategy in Asia N K Sarkar The import-substitution Strategy in economic development, followed by many developing countries in Asia, has been blamed by some economists for the slow growth of employment in them. It is argued that if market signals via the price mechanism are followed closely, the transition in these economies, from agriculture to labour-intensive industry and thence to a capital-intensive economy, would take place more easily. The experience of West Pakistan, Taiwan, South Korea and Japan is cited in support.