Human capital development in South Asia : achievements, prospects, and policy challenges / Asian Development Bank.

Format:

Book

Author/Creator:

Asian Development Bank

Contributor:

Asian Development Bank, contributor.

Language:

English

Subjects (All):

Human capital--South Asia.

Human capital.

Physical Description:

1 online resource (154 pages)

Edition:

1st ed.

Place of Publication:

Mandaluyong City, Metro Manila, Philippines : Asian Development Bank, 2017.

Summary:

Human capital is an important factor for economic growth in South Asia. Between 1981 and 2010, human capital contributed about 22% of annual gross domestic product per worker growth in India. During the same period, it contributed around 21% in Bangladesh, and 16% in Sri Lanka. However, education and skills remain the binding constraint. Raising the quality of education and skills in South Asia's workforce can play a critical role in catching up to the level of development of the People's Republic of China, the Republic of Korea, and other successful Southeast Asian economies. This study reviews the development of human capital in South Asia and analyzes contributing factors to human development including policies and strategies that countries in South Asia follow.

Contents:

Cover

Title

Copyright

Contents

Tables, Figures, and Boxes

Acknowledgments

Abbreviations

Executive Summary

I. Overview

A. Objective and Scope

B. Organization of the Report

II. Human Capital Development and Economic Growth

A. Overview of Human Development, Structural Transformation, and Income Growth

B. Role of Human Capital on Economic Development

C. Skills Development and Economic Growth

III. A Chievements and Challenges in Education

A. School Enrollments and Educational Attainment

B. Quality of Education

C. National Education Policies and Institutions

IV. Labor Force and Skills

A. Evolution of Employment Structure and Skill Requirements

B. Technical and Vocational Education and Training Systems in South Asia

India

Bangladesh

Nepal

Sri Lanka

C. Challenges to the Technical and Vocational Education and Training Systems in South Asia

Inputs

Process

Outputs

V. Changes in Skill Demand and Supply and Wage Structure

A. Skill Upgrading, Wage Structure, and Skill Premium in Labor Markets

B. Micro Level Analysis of Skill Composition and Wage Structure

Indonesia

C. Technology Change and Skill Demand by Enterprises in Asia

VI. Policy Recommendations for Human Capital Development

A. Access and Quality

1. Invest in upgrading and monitoring educational quality toward achieving better learning outcomes

2. Narrow gender, geographical, and socioeconomic disparities in school attainment and outcomes

3. Improve secondary and tertiary education to match the changing skill demand

B. Skills, Employment, and Labor Markets

1. Boost the quality of training and skills development systems to meet industry standards and hasten job-skill matching.

2. Facilitate a favorable environment for skills development and training and improve public-private partnership

3. Harness training and quality employment opportunities for all

C. National Policies and Regional Cooperation

1. Design human capital development strategies that are coherent with the national development policy

2. Pursue sustainable mechanisms for financing quality improvements in education and skills development

3. Enhance regional cooperation for human development

References.

Notes:

Description based on print version record.

ISBN:

9789292610395

9292610392