Building the Skills for Economic Growth and Competitiveness in Sri Lanka

Despite armed internal conflict and the global financial crisis, Sri Lanka has made remarkable progress in recent years, enjoying healthy economic growth and substantially reducing poverty. Moreover, Sri Lankans are the best-educated people in South Asia, with widespread access and high completion...

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Những tác giả chính:	Dundar, Halil, Millot, Benoît, Savchenko, Yevgeniya, Aturupane, Harsha
Định dạng:	Sách
Ngôn ngữ:	English
Được phát hành:	World Bank 2015
Những chủ đề:	Education quality Technical and vocational educa Private training providers Skills supply and demand
Truy cập trực tuyến:	https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56489
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spelling	oai:scholar.dlu.edu.vn:DLU123456789-564892023-11-11T05:36:46Z Building the Skills for Economic Growth and Competitiveness in Sri Lanka Dundar, Halil Millot, Benoît Savchenko, Yevgeniya Aturupane, Harsha Education quality Technical and vocational educa Private training providers Skills supply and demand Despite armed internal conflict and the global financial crisis, Sri Lanka has made remarkable progress in recent years, enjoying healthy economic growth and substantially reducing poverty. Moreover, Sri Lankans are the best-educated people in South Asia, with widespread access and high completion rates in primary and secondary education. Economic growth and structural changes in the economy, however, make skills development imperative as Sri Lanka implements its plan?the Mahinda Chintana (MC)?to become a regional hub in strategic economic areas. . Yet skills shortages and mismatches are widespread, and firms with undereducated employees and a shortage of skilled labor are less productive. An effective skills development system will help diversify the economy; improve labor productivity and competitiveness; give the country the flexibility it needs to compete effectively in the global economy; and further reduce poverty. As Sri Lanka moves from a factor-driven to an efficiency-driven economy, its workforce is shrinking even as demand for skills?especially sophisticated skills?is rising. Unfortunately, Sri Lanka has been slow to expand technical and vocational education and training (TVET) and tertiary education. Responsibility for TVET is fragmented; the system is supply-driven; there is a shortage of reliable information on labor market skills demand and supply; employers are sidelined; and the resources invested are not linked to performance. The MC recognizes the severity of the skills constraint and highlights the importance of investing in workforce skills to raise both productivity and competitiveness. This report analyzes skills demand and supply in Sri Lanka and scrutinizes how skills are formed, the factors shaping skills demand, and the responsiveness of the system. Finally, it offers suggestions for how skills development can be improved so that Sri Lanka can meet its economic growth and poverty reduction goals. 2015-06-15T06:40:42Z 2015-06-15T06:40:42Z 2014 Book 9781464801587 9781464801594 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56489 en application/pdf World Bank
institution	Thư viện Trường Đại học Đà Lạt
collection	Thư viện số
language	English
topic	Education quality Technical and vocational educa Private training providers Skills supply and demand
spellingShingle	Education quality Technical and vocational educa Private training providers Skills supply and demand Dundar, Halil Millot, Benoît Savchenko, Yevgeniya Aturupane, Harsha Building the Skills for Economic Growth and Competitiveness in Sri Lanka
description	Despite armed internal conflict and the global financial crisis, Sri Lanka has made remarkable progress in recent years, enjoying healthy economic growth and substantially reducing poverty. Moreover, Sri Lankans are the best-educated people in South Asia, with widespread access and high completion rates in primary and secondary education. Economic growth and structural changes in the economy, however, make skills development imperative as Sri Lanka implements its plan?the Mahinda Chintana (MC)?to become a regional hub in strategic economic areas. . Yet skills shortages and mismatches are widespread, and firms with undereducated employees and a shortage of skilled labor are less productive. An effective skills development system will help diversify the economy; improve labor productivity and competitiveness; give the country the flexibility it needs to compete effectively in the global economy; and further reduce poverty. As Sri Lanka moves from a factor-driven to an efficiency-driven economy, its workforce is shrinking even as demand for skills?especially sophisticated skills?is rising. Unfortunately, Sri Lanka has been slow to expand technical and vocational education and training (TVET) and tertiary education. Responsibility for TVET is fragmented; the system is supply-driven; there is a shortage of reliable information on labor market skills demand and supply; employers are sidelined; and the resources invested are not linked to performance. The MC recognizes the severity of the skills constraint and highlights the importance of investing in workforce skills to raise both productivity and competitiveness. This report analyzes skills demand and supply in Sri Lanka and scrutinizes how skills are formed, the factors shaping skills demand, and the responsiveness of the system. Finally, it offers suggestions for how skills development can be improved so that Sri Lanka can meet its economic growth and poverty reduction goals.
format	Book
author	Dundar, Halil Millot, Benoît Savchenko, Yevgeniya Aturupane, Harsha
author_facet	Dundar, Halil Millot, Benoît Savchenko, Yevgeniya Aturupane, Harsha
author_sort	Dundar, Halil
title	Building the Skills for Economic Growth and Competitiveness in Sri Lanka
title_short	Building the Skills for Economic Growth and Competitiveness in Sri Lanka
title_full	Building the Skills for Economic Growth and Competitiveness in Sri Lanka
title_fullStr	Building the Skills for Economic Growth and Competitiveness in Sri Lanka
title_full_unstemmed	Building the Skills for Economic Growth and Competitiveness in Sri Lanka
title_sort	building the skills for economic growth and competitiveness in sri lanka
publisher	World Bank
publishDate	2015
url	https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56489
_version_	1819801044554612736

Building the Skills for Economic Growth and Competitiveness in Sri Lanka

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