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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Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
Online Access:http://documents.worldbank.org/curated/en/657511543953734339/Europe-Skills-for-Competitiveness
http://hdl.handle.net/10986/31054
id okr-10986-31054
recordtype oai_dc
spelling okr-10986-310542021-09-16T12:14:49Z Skills for Competitiveness : Leveraging Skills for Competitiveness in Europe World Bank WORKPLACE TRAINING SKILLS DEVELOPMENT LABOR SKILLS SMALL AND MEDIUM ENTERPRISES LIFELONG LEARNING LABOR MARKET COMPETITIVENESS SECONDARY EDUCATION PUBLIC-PRIVATE PARTNERSHIPS 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. 2018-12-20T19:54:47Z 2018-12-20T19:54:47Z 2018-11-01 Report http://documents.worldbank.org/curated/en/657511543953734339/Europe-Skills-for-Competitiveness http://hdl.handle.net/10986/31054 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Education Study Economic & Sector Work Europe and Central Asia Eastern Europe Europe European Union
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic WORKPLACE TRAINING
SKILLS DEVELOPMENT
LABOR SKILLS
SMALL AND MEDIUM ENTERPRISES
LIFELONG LEARNING
LABOR MARKET
COMPETITIVENESS
SECONDARY EDUCATION
PUBLIC-PRIVATE PARTNERSHIPS
spellingShingle WORKPLACE TRAINING
SKILLS DEVELOPMENT
LABOR SKILLS
SMALL AND MEDIUM ENTERPRISES
LIFELONG LEARNING
LABOR MARKET
COMPETITIVENESS
SECONDARY EDUCATION
PUBLIC-PRIVATE PARTNERSHIPS
World Bank
Skills for Competitiveness : Leveraging Skills for Competitiveness in Europe
geographic_facet Europe and Central Asia
Eastern Europe
Europe
European Union
description 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.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Skills for Competitiveness : Leveraging Skills for Competitiveness in Europe
title_short Skills for Competitiveness : Leveraging Skills for Competitiveness in Europe
title_full Skills for Competitiveness : Leveraging Skills for Competitiveness in Europe
title_fullStr Skills for Competitiveness : Leveraging Skills for Competitiveness in Europe
title_full_unstemmed Skills for Competitiveness : Leveraging Skills for Competitiveness in Europe
title_sort skills for competitiveness : leveraging skills for competitiveness in europe
publisher World Bank, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/657511543953734339/Europe-Skills-for-Competitiveness
http://hdl.handle.net/10986/31054
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