The Asia-Europe Foundation's (ASEF) activities in the area of Economy address both current economic issues and long-term trends impacting Asian and European societies. These activities are in line with the Asia-Europe Meeting (ASEM) political dialogue concerning the current international financial and economic situation across the ASEM constituencies. Such ASEF activities connect representatives from the governments, think-tanks, academia, civil society organisations, the private sector, and international agencies to develop policy recommendations for ASEM leaders.
Currently, ASEF's work on Economy focuses on the following priorities:
- post-crisis developments in Asia and Europe;
- the concept of sustainable growth;
- contributions of the social economy towards a more balanced economic development; and
- the impact of migration policies on the socio-economic welfare of labour migrants.
ASEF joined a consortium of leading
think-tanks that manages the Asia
Europe Economic Forum (AEEF)
programme. Established in 2006,
AEEF provides a platform for
highlevel policy experts, economists,
practitioners and institutions
from Asia and Europe, for indepth
research-based exchanges
on regional, inter-regional and
global issues. The 8th AEEF
Conference brought together toplevel
economists from government agencies, think-tanks, academia,
business and central banks to cover
the topic of European Troubles,
Asian Worries. Using insightful
data from the McKinsey Global
Institute's recent study on debt and
deleveraging, experts agreed on a
high probability of many advanced
economies continuing to produce
significantly less than their potential
output. The 9th AEEF Conference on
Challenges and Prospects for Asian
and European Economies focused
on sovereign debt issues. It was
highlighted that both international
and regional negotiations conveyed
the impression of a fundamental
divergence between countries
supporting state capitalism versus
liberal capitalism.

Photo credit:
Photography by Vivian Hertz and Bruegel
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This experts' workshop on The Impact of Labour Migration Policies on Migrants' Socio-Economic Welfare: Improving Practice was organised under ASEF's 2-year Asia-Europe Migration Project. During the workshop, participants evaluated best practices and experiences from different ASEM countries to prepare policy recommendations that will improve the welfare of labour migrants. Discussions were focused on essential policies in support of fair and equitable migration systems, reducing migration risks, providing migrants with access to protection, and the integration of migrants in sending and receiving countries.
Upon review of the participants' recommendations, the researchers will develop a complete policy paper to be published in 2014.
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