ENHANCED COMPETENCE: A NEED IN A RISK SOCIETY

Patcharawalai Wongboonsin and Kua Wongboonsin

Based on the risk-society and demographic-dividend nexus, this research paper addresses the current and future socio-economic and demographic challenge to highlight the need to strengthen attempts to enhance competence of human resources in both the stock and flow of the labor market. It highlights the experience of ASEM member economies in their transition from the first modernity to second modernity and its effect on their move from the first demographic transition to the second demographic transition. ​

It raises the challenge of their opportunity of transition from the first demographic dividend to the second demographic dividend, while maintaining that enhanced competence of the human resources in both the stock and flow of the labor market is a a key strategy to turn the risk of ageing societies to sustained economic benefits rather than an onus. ​

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