Halil Dundar,Benoît Millot,Yevgeniya Savchenko,Harsha's Building the Skills for Economic Growth and Competitiveness PDF

By Halil Dundar,Benoît Millot,Yevgeniya Savchenko,Harsha Aturupane,Tilkaratne A. Piyasiri

regardless of armed inner clash and the worldwide monetary situation, Sri Lanka has made extraordinary growth lately, having fun with fit monetary progress and considerably decreasing poverty. furthermore, Sri Lankans are the best-educated humans in South Asia, with frequent entry and excessive of completion charges in basic and secondary schooling. financial development and structural alterations within the economic climate, even if, make abilities improvement relevant as Sri Lanka implements its planthe Mahinda Chintana (MC)to develop into a nearby hub in strategic monetary components. . but abilities shortages and mismatches are frequent, and corporations with undereducated staff and a scarcity of expert hard work are much less efficient. a good talents improvement procedure can help diversify the economic climate; increase exertions productiveness and competitiveness; provide the rustic the pliability it must compete successfully within the worldwide economic system; and additional lessen poverty.

As Sri Lanka strikes from a factor-driven to an efficiency-driven economic system, its staff is shrinking at the same time call for for skillsespecially refined skillsis emerging. regrettably, Sri Lanka has been sluggish to extend technical and vocational schooling and coaching (TVET) and tertiary schooling. accountability for TVET is fragmented; the approach is supply-driven; there's a scarcity of trustworthy info on exertions marketplace abilities call for and provide; employers are sidelined; and the assets invested aren't associated with functionality.

The MC acknowledges the severity of the talents constraint and highlights the significance of making an investment in staff abilities to elevate either productiveness and competitiveness. This record analyzes talents call for and provide in Sri Lanka and scrutinizes how abilities are shaped, the standards shaping talents call for, and the responsiveness of the procedure. eventually, it bargains feedback for the way abilities improvement will be enhanced in order that Sri Lanka can meet its fiscal development and poverty relief goals.

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Building the Skills for Economic Growth and Competitiveness in Sri Lanka (Directions in Development) by Halil Dundar,Benoît Millot,Yevgeniya Savchenko,Harsha Aturupane,Tilkaratne A. Piyasiri

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