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By Halil Dundar,Benoît Millot,Yevgeniya Savchenko,Harsha Aturupane,Tilkaratne A. Piyasiri

regardless of armed inner clash and the worldwide monetary challenge, Sri Lanka has made extraordinary growth lately, having fun with fit monetary development and considerably lowering poverty. furthermore, Sri Lankans are the best-educated humans in South Asia, with frequent entry and excessive crowning glory premiums in fundamental and secondary schooling. fiscal development and structural alterations within the economic climate, even though, make talents improvement significant as Sri Lanka implements its planthe Mahinda Chintana (MC)to develop into a local hub in strategic fiscal components. . but talents shortages and mismatches are frequent, and corporations with undereducated staff and a scarcity of expert hard work are much less efficient. a good talents improvement process can assist diversify the financial system; increase exertions productiveness and competitiveness; provide the rustic the pliability it must compete successfully within the international economic system; and extra decrease poverty.

As Sri Lanka strikes from a factor-driven to an efficiency-driven economic system, its team is shrinking whilst call for for skillsespecially subtle skillsis emerging. regrettably, Sri Lanka has been sluggish to extend technical and vocational schooling and coaching (TVET) and tertiary schooling. accountability for TVET is fragmented; the process is supply-driven; there's a scarcity of trustworthy info on exertions industry abilities call for and provide; employers are sidelined; and the assets invested should not associated with functionality.

The MC acknowledges the severity of the talents constraint and highlights the significance of making an investment in staff abilities to elevate either productiveness and competitiveness. This file analyzes abilities call for and provide in Sri Lanka and scrutinizes how abilities are shaped, the criteria shaping talents call for, and the responsiveness of the approach. ultimately, it bargains feedback for the way abilities improvement should be more advantageous in order that Sri Lanka can meet its fiscal development and poverty relief goals.

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Building the Skills for Economic Growth and Competitiveness in Sri Lanka (Directions in Development) by Halil Dundar,Benoît Millot,Yevgeniya Savchenko,Harsha Aturupane,Tilkaratne A. Piyasiri

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