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  1. Perspectives on Global Development
  2. Perspectives on Global Development 2013. Industrial Policies in a Changing World.
  3. Chapters
  4. Upgrading skills for current and future needs
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Perspectives on Global Development 2014. Boosting Productivity to Meet the Middle-Income Challenge.
Perspectives on Global Development 2013. Industrial Policies in a Changing World.
Chapters
Foreword
Acronyms and abbreviations
Editorial
Executive summary
Overview
Shifting wealth and the new world economy
Channels of shifting wealth
The new productive landscape and the renewed interest of developing countries in industrial policy
Emerging issues in implementing industrial policy in developing economies
Upgrading skills for current and future needs
Mobilising financial resources
Bridging infrastructure gaps
The political economy of industrial policies
Summary
Perspectives on Global Development 2012. Social Cohesion in a Shifting World.
Perspectives on Global Development 2010. Shifting Wealth.

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Upgrading skills for current and future needs

Content Provider OECD iLibrary
Organization OECD
Abstract Skills are a key component of industrial development. By making economies more flexible in the face of technological change and spurring innovation, they enable developing countries to shift from an input-driven to a productivity-driven growth model. Skills are necessary to increase total factor productivity, hence to move up the value chain. By contrast, skills mismatches – either shortages or surpluses – curb productivity growth and affect the ability of firms to compete globally. In this respect, co-ordination failures in developing countries translate into a suboptimal allocation of skills, thus slowing down economic growth. To remain competitive in the global economy and shift into industries with higher technology and greater knowledge intensity, industrial policies should not only invest in more and better skills, but also align education with labour market needs, improve the school-to-work transition, encourage the long-term adaptability of skills and promote international skills mobility. The international experience shows that the co-ordination of action between the main stakeholders in the skills market is a significant condition of success.
Page Count 36
Starting Page 147
Ending Page 182
Language English
Publisher OECD Publishing
Publisher Date 2013-06-21
Access Restriction Open
Subject Keyword Governance Development Social Issues/Migration/Health
Content Type Text
Resource Type Chapter
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