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

• 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
• Institution: Singapore Management University

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.