Skills Development for Inclusive and Sustainable Growth in Developing Asia-Pacific

Appropriate policies and practices for skills development currently occupy a dominant place in development discourse. As countries in Asia and the Pacific recalibrate their growth models to consolidate their positions in the global economy, availability of a highly skilled and technically qualified human resource base will be a crucial determinant of success. In their quest to gain market shares in higher-order manufacturing and services, governments and other stakeholders are
paying close attention to developing the requisite technical and scientific capabilities. If emerging economies in Asia and the Pacific are to maintain their robust economic growth rates, they need to respond to the challenges posed by the ascent of knowledge economies. The labor cost advantages in manufacturing of the past are giving way to innovation-intensive competitiveness based on the ability to
generate new ideas, products, and processes. Mere cost advantages are no longer sufficient, and companies should have a holistic approach considering economic, social, environmental, and financial aspects. Advancement of societies is predicated on putting knowledge and innovation to work and developing new products and new services. This requires governments to have appropriate policies and incentives
to deepen talent pools and to expand access to market-relevant skills development to the disadvantaged sections of the population.
[Cham: 2013]

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