Today's date:
Winter 1999

A New Social Contract for Asia

Eddy Lee, director of studies at International Labor Organization, is author of the just-released book, The Asian Financial Crisis: The Challenge for Social Policy (December, 1998).

Geneva - The financial crisis in Asia has had devastating social consequences. Massive job losses have occurred, resulting in at least a three-fold increase in unemployment in Indonesia, South Korea and Thailand since late last year. More recently, unemployment has also begun to increase sharply in Hong Kong, Malaysia and Singapore.

back to index