Thailand can become a leader in the economic inclusion of Lesbian, Gay, Bisexual, Transgender, and Intersex (LGBTI) people, so all Thai people can share equally in the country’s opportunities and prosperity, according to a new report, Economic Inclusion of LGBTI Groups in Thailand, prepared by the World Bank, in partnership with the Faculty of Learning Sciences and Education, Thammasat University, Love Frankie, and the Nordic Trust Fund. Representatives, from Thailand’s Ministry of Justice, the Ministry of Social Development and Human Security, and the National Human Rights Commission of Thailand, civil society, the private sector, academia, and international development partners came together today in a public forum to discuss the findings and conclusions of the report.
“This report helps us to look at the issues of the LGBTI community and how these can be addressed by everyone who has a stake in making the Thai economy grow even better by encouraging all productive people, regardless of sexual orientation, to participate in the workforce of Thailand,” said Commissioner Angkhana Neelapaijit, National Human Rights Commission of Thailand.
Drawing on the results of the first large and statistically significant surveys of LGBTI and non-LGBTI people’s attitudes and experiences with economic inclusion in Thailand, along with case studies and international experience, the report finds, for example, that most Thais are not aware of the legal rights and non-discrimination protections that LGBTI people enjoy in Thailand, and that many LGBTI people, and especially transgender men and women, face significant exclusion and hardships in the job market and at work. The report offers policy and program recommendations to promote inclusion, such as a public campaign to promote awareness of gender equality legislation; the development and implementation of an equality and nondiscrimination in employment and occupation law that prohibits discrimination by Sexual Orientation and Gender Identity (SOGI); and the incorporation of gender equality and SOGI non-discrimination in pre- and in-service training for school administrators and teachers.
“As part of its national transformation and promotion of the new, modern ‘Thailand 4.0’ at home and internationally, Thailand has the opportunity to advance and foster the inclusion of LGBTI people in its economy and society,” said Dr. Ulrich Zachau, Director of Thailand, Malaysia, and Regional Partnerships. “Only by including LGBTI people can Thailand mobilize the strengths and full productive potential of all its people. LGBTI inclusion is the right thing to do, and it’s the smart thing to do.”
Asia’s Growth Outlook Steady Despite China–US Trade Conflict
Economies in developing Asia and the Pacific are weathering external challenges thanks to robust domestic demand, while inflationary pressures are abating, says a new report from the Asian Development Bank (ADB).
In a supplement to its Asian Development Outlook 2018 Update report, ADB retained its regional growth forecast for 2018 at 6.0% and for 2019 at 5.8%. Excluding the newly industrialized economies of Hong Kong, China; the Republic of Korea; Singapore; and Taipei,China, the regional growth outlook is maintained at 6.5% for 2018 and 6.3% for 2019.
Lower international commodity prices and central bank action to calm market volatility means inflation in developing Asia is forecast to be 2.6% in 2018 and 2.7% in 2019, down from 2.8% previously forecast for both this year and next.
“The truce on trade tariffs agreed by the United States (US) and the People’s Republic of China (PRC) is very welcome but the unresolved conflict remains the main downside risk to economic prospects in the region,” said ADB Chief Economist Mr. Yasuyuki Sawada. “That said, we are keeping our forecasts for the region’s growth unchanged for this year with some of the biggest economies continuing to hold up well.”
Growth in the PRC, the second largest economy in the world, is still expected at 6.6% in 2018, moderating to 6.3% next year. Growth momentum continues in India on rebounding exports and higher industrial and agricultural output. Growth is predicted at 7.3% in 2018 and 7.6% in 2019.
Gross domestic product growth in Central Asia in 2019 is now forecast at 4.3%, up from the 4.2% forecast in September, as a recovery in public investment and higher output from the Shah Deniz gas field enhance prospects in Azerbaijan. South Asia’s 2019 growth is now pegged at 7.1% versus the 7.2% forecast in September. Southeast Asia is expected to grow 5.1% in 2019 versus the previous forecast of 5.2%. The Pacific is on track to expand 3.1% in 2019.
Vietnam’s economy grows robustly, but risks intensify
Economic growth in Vietnam has proven resilient despite weakening external conditions, driven mainly by strong domestic demand and a dynamic export-oriented manufacturing sector.
According to Taking Stock, the World Bank’s bi-annual economic report on Vietnam released today, the pace of expansion is forecast to remain at 6.8 percent this year, higher than the projected figure of 6.3 percent for emerging markets in the East Asia and the Pacific.
Over the medium term, in line with the global trend, Vietnam will see a slower pace – 6.6 and 6.5 percent in 2019 and 2020, respectively. Inflation will remain muted at 4 percent as the result of tightening monetary policies.
“Despite a challenging global context, Vietnam continues to achieve robust growth accompanied by moderate inflation and a relatively stable exchange rate” said Ousmane Dione, the World Bank Country Director for Vietnam. “Policy makers should take advantage of the still favorable growth dynamics to advance structural reforms to enhance private sector driven investment and growth, along with improving efficiency in public sector investment.”
Risks to the outlook have intensified and are titled to the downside, highlights the report. Given its high trade openness and limited fiscal and monetary policy buffers, Vietnam remains susceptible to external volatilities. Escalating global trade tensions could cause a falloff in export demands while tightening global liquidity could reduce capital inflows and foreign investment. Domestically, a slowdown in reforming state-owned enterprise and banking sectors could undermine growth prospects and create public sector liabilities.
“Slower global growth, ongoing trade tensions and heightened financial volatility cloud on the global outlook,” said Sebastian Eckardt, the World Bank Lead Economist for Vietnam. “As an open economy, Vietnam needs to maintain a responsive monetary policy, exchange rate flexibility and low fiscal deficits to enhance its resilience against potential shocks.”
In light of the recently ratified Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), the special section of this Taking Stock edition focuses on streamlining non-tariff measures to help boost Vietnam’s export competitiveness. This timely analytical work is a product of the Second Australia-World Bank Group Strategic Partnership in Vietnam (ABP2).
The report observes that while tariffs are rapidly declining, the number of non-tariff measures (NTM) is increasing. Vietnam’s average preferential tariffs have fallen from 13.1 percent in 2003 to 6.3 percent in 2015. In contrast, the number of NTMs has increased by more than 20-fold during the same period. International experiences show that poorly designed and implemented NTM could restrict trade, distort prices, and erode national competitiveness.
According to this report’s assessment, the NTM system in Vietnam remains complicated, opaque, and costly, resulting in high cost of compliance. One study estimates that the equivalent tariff rate that sanitary and phytosanitary measures Vietnam are imposing on imported goods is 16.6 percent compared to the average level of 8.3 percent for ASEAN countries.
Immigrant integration policies have improved but challenges remain
Many countries have made important improvements in integrating immigrants and their children into the labour market and day-to-day life of their country. However, many challenges remain and much of the potential that migrants bring with them remains unused, hampering both economic growth and social inclusion, according to a new joint OECD-EU report.
Settling In 2018: Indicators of Immigrant Integration finds that the proportion of highly educated immigrants has grown in virtually all OECD and EU countries, rising by 7 percentage points over the past decade in both areas. At the same time, in all countries, most immigrants express a strong sense of belonging to their host-country, with more than 80% reporting feeling close or very close to this country.
“Countries have made important improvements in their policies to foster the integration of immigrants and their children into education, the labour market and the social life of their country,” said OECD Secretary-General Angel Gurría. “Nevertheless, much remains to be done to maximise the still untapped potential of migrants to contribute economically and socially to their recipient countries.”
“Making immigrant integration work is absolutely vital for our economies and societies as a whole,” said European Commissioner for Migration, Home Affairs and Citizenship, Dimitris Avramopoulos. “We need to make sure that all those who have a right to stay and live in our societies, become full and equal participants. Not only on paper but also in reality.”
Despite some improvements, immigrants have often not managed to translate higher overall education levels into better labour market outcomes. Immigrants’ relative poverty is also today more widespread than a decade ago, further widening the gaps with the native-born. Around 14% of all foreign-born people in the EU report facing discrimination on the grounds of ethnicity, nationality or race. The report also notes that almost a third of non-EU migrants in Europe state that most inhabitants of their neighbourhoods share their ethnic background.
Educational attainment levels and outcomes of youth with immigrant parents have also increased in most countries over the past decade – both in absolute terms and relative to their peers with native-born parents. This is evident in better educational outcomes and higher resilience at age 15, in lower levels of school dropout rates and higher educational attainment. However, immigrant children continue to lag behind their peers with native-born parents, notably in Europe, while the reverse is the case in only a few non-EU OECD countries such as Canada.
While immigrant men have a 3 percentage points higher employment rate than native-born men across the OECD, immigrant women have a 1 percentage point lower rate than their native-born peers, amounting to a full 6 point gap in Europe. Gaps between immigrant and native-born women are especially wide in Belgium and France, at 14 percentage points, and in the Netherlands, at almost 17 points. When employed, immigrant women are also more often in part-time and low-skilled jobs – notably in Southern Europe (except Portugal), as well as in Chile, Korea and Slovenia, where over 30% of employed immigrant women are in low-skilled jobs.
Following an overall increase in their share over the past decade, women now account for the majority of immigrants living in OECD and EU countries. The report also finds that the widespread inactivity and part-time employment of immigrant women is often involuntary, more often than for their native-born peers.
Settling In 2018: Indicators of Immigrant Integration presents a detailed international comparison of the outcomes of immigrants and their children and their evolution over time, for all European Union and OECD countries as well as selected G20 countries. 74 indicators cover key dimensions of integration, including employment, education, housing, health, civic engagement and social inclusion. There is a special focus on young people with immigrant parents and on gender issues.
Freedom, Sovereign Debt, Generational Accounting and other Myths
“How to draw the line between the recent and still unsettled EU/EURO crisis and Asia’s success story? Well, it might...
American (And Global) Oligarchy Rapidly Moving Towards Monarchy
Many people do not realize that the proverbial “noose” of civil rights, civil liberties and property rights are rapidly coming...
War, Anniversaries and Lessons Never Learned
On December 7, 1941, Japan attacked Pearl Harbor and the U.S. entered the Second World War. A war of horrors,...
Russian Aluminium, Health Ministry Announce Ebola Vaccine
Russian Aluminium (RUSAL), one of the world’s largest aluminium producers, together with the Ministry of Health of the Russian Federation,...
Asia’s Growth Outlook Steady Despite China–US Trade Conflict
Economies in developing Asia and the Pacific are weathering external challenges thanks to robust domestic demand, while inflationary pressures are...
New ADB Platform to Help Boost Financing for Climate Action
The Asian Development Bank (ADB) has launched a new platform aimed at helping its developing member countries in Asia and...
Arrogance of force and hostages in US-China trade war
Even before the ink on the comments made by those who (just like the author of these lines) saw the...
- Centre and Calm Yourself and Spirit on Restorative Yoga Energy Trail
- Queen Rania of Jordan Wears Ralph & Russo Ready-To-Wear
- OMEGA watches land on-screen in Universal Pictures’ new film First Man
- Experience the Prada Parfum’s Way of Travelling at Qatar Duty Free
- ‘Get Carried Away’ With Luxurious Villa Stays and Complimentary Private Jet Flights
Eastern Europe3 days ago
Rethinking Armenian North-South Road Corridor: Internal and External Factors
Defense3 days ago
Global arms industry: US companies dominate the Top 100, Russian arms industry moves to second place
Eastern Europe2 days ago
Dismantling Yalta system, or Ukraine as an instrument of destroying the world order
Defense2 days ago
European army: An apple of discord
South Asia2 days ago
Pakistan’s Increasing Tilt towards China
East Asia2 days ago
Will China Save the Planet? Book Review
Newsdesk2 days ago
New Initiative to Mitigate Risk for Global Solar Scale-up
Economy2 days ago
Key elements of the EU-Japan Economic Partnership Agreement