Challenges and Opportunities for Skills Development in Asia: Changing Supply, Demand and Mismatches

Asian Development Bank (adb), Asian Development Bank (adb) (), Asian Development Bank (adb) and Asian Development Bank (adb)
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Asian Development Bank (adb): South Asia Department, ADB
Asian Development Bank (adb): South Asia Department, ADB

No RPT157748, ADB Reports from Asian Development Bank (ADB)

Abstract: This report discusses six key global trends on skills supply and demand in Asia. These are (i) the doubling of the labor pool, (ii) expansion of education access, (iii) economic and industrial transformation, (iv) technological advancement, (v) globalization and regional integration, and (vi) demographic shifts. The report highlights the need for Asia’s education systems to transform. It proposes four pillars on policies to address skills mismatch including (i) developing comprehensive national strategies and planning, (ii) reorienting and rebalancing education systems, (iii) prioritizing reforms in technical vocational education and training relevance and quality, and (iv) advancing international cooperation.

Keywords: tvet; asian economic growth; skills mismatch; demand for skills; technical education; vocational education; education systems; formal education; trends; skills development; education development; tvet reforms; job markets; labor markets (search for similar items in EconPapers)
Pages: 55 pages
Date: 2015-11
New Economics Papers: this item is included in nep-edu and nep-sea
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