Searching for the Balance between Flexibility and Workers’ Security (is It Time to Reform

Writen by Emmanuel. F. Esguerra -School of Economics, University of the Philippines and Kristine laura. S. Canales Asian Development Bank In recent years these policies and regulations have been criticized for being either too restrictive, as to limit the growth of employment opportunities, or too lenient, as to expose workers to various sources of employment and income risk. Naturally the recommendations have also pointed towards either relaxing labor market regulations or tightening them.