Challenges and Opportunities for Skills Development in Asia: Changing Supply, Demand, and Mismatches
Evidence suggests that skills mismatch will likely worsen if Asia continues to rely on the old model of skills supply that aided its economic and technological “catch-up” in recent decades.
In the past 3 decades, education systems in Asia, including technical and vocational education and training (TVET), were well suited to allow Asia to become the world’s assembly line. Formal education and on-the-job training were generally able to supply the hard skills and soft skills needed to meet the skills needs of the Asian economies to catch up with the rest of the world and capture a growing share of basic industry and service sector production globally. In recent years however, the alignment between supply of skills and demand for skills in Asia has been increasingly impacted by key global shifts and trends.
This report identifies six key shifts and trends that have had critical implications on either skills supply and/or skills demand in Asia, thereby straining the previous alignment in this regard.
- Executive Summary
- Key Global Trends Shaping Skills Supply and Demand
- Implications for Potential Skills Mismatch in Asia
- Conclusions and Policy Recommendations