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Skill Development System: Soft Infrastructure for Leapfrogging and Feedback

In: The Comprehensive Asia Development Plan (CADP) 3.0: Towards an Integrated, Innovative, Inclusive, and Sustainable Economy

Author

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  • Rashesh Shrestha

    (Economic Research Institute for ASEAN and East Asia (ERIA))

Abstract

In the modern economy, a skilled workforce plays a central role. The expanding use of technology will transform traditional sectors and create high demand for a workforce with complementary skills. Technology could make the production process more capitalintensive by automating labour-intensive tasks. As firms reorganise their production activities around digital technology and automation, skilled human resources will determine the growth and competitiveness of the Association of Southeast Asian Nations (ASEAN) economies. Therefore, ASEAN economies need to create a system that will equip workers with the necessary skills.

Suggested Citation

  • Rashesh Shrestha, 2022. "Skill Development System: Soft Infrastructure for Leapfrogging and Feedback," Chapters, in: Fukunari Kimura & Keita Oikawa (ed.), The Comprehensive Asia Development Plan (CADP) 3.0: Towards an Integrated, Innovative, Inclusive, and Sustainable Economy, chapter 9, pages 278-292, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:chaptr:2022-cadp-9
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