This chapter explores the impact of the global financial crisis on South Asia in terms of qualitative and quantitative aspects of employment. South Asia hosts a quarter of the world’s population and a fifth of the global workforce – as well as 40 percent of the global poor (World Bank 2010). This paper therefore contributes to an assessment of the current crisis on the livelihoods of inhabitants of one of the poorest regions in the world. It also provides more general insights about how volatilities in globally increasingly integrated markets translate into opportunities for decent work – or the lack thereof.

Additional Metadata
Keywords South Asia, employment, financial crisis, financial policy, globalization, unemployment
ISBN 978-1-84980-495-0
Persistent URL
Series ISS Staff Group 2: States, Societies and World Development , ISS Staff Group 3: Human Resources and Local Development
Note To be published in: P.A.G. van bergeijk, A. de Haan and R. van der Hoeven (Eds), The financial crisis and developing countries : a global multidisciplinary perspective, Edward Elgar, Cheltenham, 2011, ISBN 978-1-8498-0495-0
Siegmann, K.A. (2010). The financial crisis in South Asia: From jobless growth to jobless slump?. In ISS Staff Group 3: Human Resources and Local Development. Retrieved from