Building the Skills for Economic Growth and Competitiveness - download pdf or read online

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

regardless of armed inner clash and the worldwide monetary main issue, Sri Lanka has made notable development in recent times, having fun with fit monetary development and considerably decreasing poverty. furthermore, Sri Lankans are the best-educated humans in South Asia, with frequent entry and excessive crowning glory premiums in basic and secondary schooling. monetary progress and structural adjustments within the economic climate, despite the fact that, make talents improvement significant as Sri Lanka implements its planthe Mahinda Chintana (MC)to develop into a nearby hub in strategic financial components. . but talents shortages and mismatches are frequent, and companies with undereducated staff and a scarcity of expert hard work are much less efficient. a good talents improvement method might help diversify the financial system; enhance exertions productiveness and competitiveness; supply the rustic the flexibleness it must compete successfully within the worldwide financial system; and extra decrease poverty.

As Sri Lanka strikes from a factor-driven to an efficiency-driven economic system, its crew is shrinking whilst call for for skillsespecially refined skillsis emerging. regrettably, Sri Lanka has been gradual to extend technical and vocational schooling and coaching (TVET) and tertiary schooling. accountability for TVET is fragmented; the procedure is supply-driven; there's a scarcity of trustworthy details on hard work industry abilities call for and provide; employers are sidelined; and the assets invested aren't associated with functionality.

The MC acknowledges the severity of the abilities constraint and highlights the significance of making an investment in team abilities to elevate either productiveness and competitiveness. This document analyzes talents call for and provide in Sri Lanka and scrutinizes how abilities are shaped, the standards shaping abilities call for, and the responsiveness of the process. eventually, it deals feedback for a way talents improvement could be more advantageous in order that Sri Lanka can meet its financial 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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