Skill Development System: Soft Infrastructure for Leapfrogging and Feedback

Rashesh Shrestha

Chapter 9 in The Comprehensive Asia Development Plan (CADP) 3.0: Towards an Integrated, Innovative, Inclusive, and Sustainable Economy, pp 278-292 from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: In the modern economy, a skilled workforce plays a central role. The expanding use of technology will transform traditional sectors and create high demand for a workforce with complementary skills. Technology could make the production process more capitalintensive by automating labour-intensive tasks. As firms reorganise their production activities around digital technology and automation, skilled human resources will determine the growth and competitiveness of the Association of Southeast Asian Nations (ASEAN) economies. Therefore, ASEAN economies need to create a system that will equip workers with the necessary skills.

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