Asia must close skills gaps, go high tech to sustain future growth
MANILA, PHILIPPINES ` Asia and the Pacific must overcome skills gaps and scale up technical training to create innovative economies able to generate sustainable, inclusive growth, says a new book by the Asian Development Bank (ADB).
`While Asia and the Pacific accounts for almost half of global unemployment, 45% of employers in the region face difficulty in finding suitable talent in their markets,` said Bindu Lohani, ADB`s Vice President for Knowledge Management and Sustainable Development. `Countries in Asia will not be able to create sufficient employment unless they address the serious skills mismatches that exist in their labor markets.`
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