Asian Development Bank

 

As Asia’s fast-paced economic growth continues, underlying challenges in employment and enterprise development become increasingly urgent. According to the International Labour Organization (ILO), 68.2% of the employed population in the Asia-Pacific makes their living in the formal economy. Topic A focuses on the significant informal employment sector where workers often lack legal protections, social security, and income stability.  Informal employment ranges from self-employment, small businesses, and unpaid family workers, and is a significant source of income, particularly for women.  Delegates will examine the need to strengthen social protection coverage of informal workers to support productivity and general well-being while also reducing vulnerabilities they face. Delegates must develop equitable and inclusive programs to protect and empower them to access skills, capital, and sustainable employment pathways. Topic B shifts the focus to the role of Micro, Small & Medium Enterprises, which make up over 90% of all firms in Asia and account for, on average, 70% of total employment and 50% of the GDP.  These enterprises are key drivers of employment and local development. However, these enterprises struggle to access wider markets, financing, and digital tools. MSMEs are the backbone of the Asian economy and are a powerful tool in bridging the regional and worldwide development gap.