Skills and Jobs : Lessons Learned and Options for Collaboration
The accumulation of human capital through the acquisition of knowledge and skills is recognized as central for economic development. More-educated workers not only have better employment opportunities, they earn more and have more stable and...
Main Authors: | , , , , |
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Format: | Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2015
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2015/05/24566584/skills-jobs-lessons-learned-options-collaboration http://hdl.handle.net/10986/22068 |
Summary: | The accumulation of human capital
through the acquisition of knowledge and skills is
recognized as central for economic development.
More-educated workers not only have better employment
opportunities, they earn more and have more stable and
rewarding jobs. They are also more adaptable and mobile.
Workers who acquire more skills make other workers and
capital more productive and, within the firm, they
facilitate the adaptation, adoption, and ultimately
invention of new technologies. This is crucial for economic
diversification, productivity growth, and ultimately raising
the living standards of living of the population. The
structure of the note is as follows. First, it examines the
different types of market failures, and subsequently reviews
the role that governments have played in training systems
around the world. Finally it offers a set of proposals for
reforming and improving these systems to improve labor
market outcomes. |
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