Skills for Competitiveness : Leveraging Skills for Competitiveness in Europe
The global technology and innovation frontier pushes forward at a rapid pace, and countries around the world seek to either keep up, or catch up. Countries at the frontier are forward-looking, have robust economies, are open to investment and techn...
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Format: | Report |
Language: | English |
Published: |
World Bank, Washington, DC
2018
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Online Access: | http://documents.worldbank.org/curated/en/657511543953734339/Europe-Skills-for-Competitiveness http://hdl.handle.net/10986/31054 |
Summary: | The global technology and innovation
frontier pushes forward at a rapid pace, and countries
around the world seek to either keep up, or catch up.
Countries at the frontier are forward-looking, have robust
economies, are open to investment and technology, and have
competitive, well-matched workforces. And countries that
want frontier-combatible workforces require agile,
demand-driven training arrangements that allow for swift
entry and re-entry to training. After all, as the fourth
industrial revolution unfolds, technology and markets
continue to change at ever-increasing speeds. Training
systems must adapt to an environment in which skills need
frequent updating, and find ways to leverage employers’
comparative advance in providing that training. This
technical note seeks to help the public and private sectors
understand what is currently being done to help achieve
workforce skills convergence, and to begin thinking about
how they might employ public-private arrangements to
incentivize training at firms of all sizes. It offers a
fresh take on the lifelong learning model and presents a
framework for precision training, a demand-driven approach
to training that offers workers opportunities to upgrade
their skills exactly when, where, and how they need to. In
Europe, this perspective may be particularly useful for
countries with lagging regions that struggle with low
incomes, low growth, and low skills (such as Romania and
Poland). However, this technical note is designed to be
applicable to all countries, including their policymakers,
private employers, and training institutions. Even
high-income countries with cutting-edge training policies,
such as Germany and the United Kingdom, have regions that
struggle economically and educationally. Precision training
provides a valuable tool for skills development challenges
in these contexts, too. |
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