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Skills Training and Workforce Development with Reference to Underemployment and Migration

  • Brajesh Panth
Part of the Technical and Vocational Education and Training: Issues, Concerns and Prospects book series (TVET, volume 19)

Abstract

South Asia, particularly India, is poised to maintain high economic growth and is expected to reach by 2050 an income level that Europe is enjoying currently. South Asia needs to seize the opportunity provided by a growing youth population that needs to be converted into highly skilled and productive labor force. However, a binding constraint is inadequate education and training of the population. To sustain high economic growth and avoid falling in the middle-income trap, South Asia needs to invest heavily in education and particularly skills development to complement its large and growing investments in infrastructure. Skills training will require strengthening the skills ecosystem. In the long run, it is crucial to invest in lifelong learning to ensure synergy between formal education for soft skills and training that provides vocational skills to meet the emerging labor market needs. South Asia needs to learn from each other and also draw on global best practices to create more and better jobs.

Keywords

Labor Market Labor Force Skill Training Migrant Worker Skill Development 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Asian Development Bank. The book is published with open access at SpringerLink.com 2013

Open Access This chapter is distributed under the terms of the Creative Commons Attribution Non-commercial License which permits any non-commercial use, distribution, and reproduction in any medium, provided the original author(s) and source are credited.

Authors and Affiliations

  1. 1.South Asia DepartmentAsian Development BankMandaluyong, Metro ManilaPhilippines

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