Description

This paper discusses the process of economic development, and the evolution of the structure of the labor market from dominance by the agriculture sector toward dominance by industry and service sectors. The need for investment in labor and capital to accommodate these changes is examined.

Contents

• Foreword
• Executive Summary
• Economics 101: The Macroeconomic Setting for Skills Development
• Stages of Economic Development and Corresponding Education and Training Requirements
• Theoretical Underpinnings
• Issues and Trends in Skills Development
• The Institutional Architecture of Skills Formation Systems
• Evaluation of Recent ADB Projects in Skills Development
• Implications for ADB and DMCS
• References