New skills at work: Managing skills challenges in ASEAN-5

New skills at work: Managing skills challenges in ASEAN-5

The dynamic economies of Singapore, Malaysia, Thailand, Indonesia and the Philippines (ASEAN-5) boasts a growth rate of close to 5% a year despite the sluggish global economy. However, whether ASEAN-5 can grow to be significant players in the global economy will depend critically on their abilities...

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Bibliographic Details
Main Authors: TAN, Kim Song, TANG, James T. H.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
employee training
labor force
ASEAN
Southeast Asia
economic growth
Asian Studies
Growth and Development
Labor Economics
Public Affairs, Public Policy and Public Administration
Online Access:https://ink.library.smu.edu.sg/soe_research/1891
https://ink.library.smu.edu.sg/context/soe_research/article/2891/viewcontent/9637181.pdf
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Institution: Singapore Management University
Language: English
Description
Summary:The dynamic economies of Singapore, Malaysia, Thailand, Indonesia and the Philippines (ASEAN-5) boasts a growth rate of close to 5% a year despite the sluggish global economy. However, whether ASEAN-5 can grow to be significant players in the global economy will depend critically on their abilities to train workers with relevant job skills required by growth-driving industries. This challenge requires governments and employers to work together and develop coherent policies and targeted incentive structures for workers to acquire general and job-specific skills. The report Managing Skills Challenges in ASEAN-5 provides insights and recommendations on how the ASEAN-5 countries can respond to skills challenges impacting their economies.

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