Investing in Skills for Inclusive Trade.

Format:

Book

Author/Creator:

Tumurchudur-Klok, Bolormaa.

Contributor:

Gregg, Cornelius.

Bacchetta, Marc.

Rubinova, Stela.

Language:

English

Subjects (All):

Commerce.

Occupational training.

Technical education.

Physical Description:

1 online resource (188 pages)

Edition:

1st ed.

Place of Publication:

Genève 22 : International Labour Organisation (ILO), 2017.

Summary:

This publication argues that in the rapidly evolving context of globalization, the responsiveness of skills supply to demand plays a central role from both an efficiency and a distributional perspective. It shows that skills development policies are key to firms participating in trade, and also to workers finding good jobs.

Contents:

Investing in Skills for Inclusive Trade- Front Cover

Investing in Skills for Inclusive Trade

Copyright Page

Contents

Tables, figures and boxes

Foreword

Authors

Acknowledgements

Executive Summary

Skills development is key to more inclusive trade

The level and composition of skills in a country affect its participation in trade

Trade affects the demand for skills in several ways

Empirical evidence shows that trade induces skills upgrading in both developed and developing economies

Trade affects the wage distribution by increasing the returns to skills

An appropriate skills supply increases gains from trade and improves their distribution

Available responses

Endnotes

Abbreviations

Chapter 1: Why do skills and trade matter?

1.1 Why this study?

1.2 What do we mean by skills?

1.3 Main findings

Chapter 2: What do we know about skills and trade?

2.1 The availability of skills affects countries' trade patterns and performance

The level and dispersion of skills in a country can affect its trade pattern

Skill levels and skills development policies affect trade performance

2.2 Trade tends to increase the demand for skills

Economic theory identifies several channels through which trade may affect the demand for skills

Comparative advantage may affect the demand for skills

Offshoring may increase the demand for skills in both developed and developing countries

Trade liberalization may lead to the expansion of high-productivity firms, which increases the relative demand for skilled workers

Trade-induced technological change may lead to a higher relative demand for skills

Evidence from the STED Programme sheds light on the many interlinkages between trade and the demand for skills

The STED Programme also examines how trade opening affects skills needs.

Some areas of business capability are important to competing

Technology, work organization and assuring compliance jointly affect capability needs

The STED Programme identified two common trends in skills demand

Evidence on the effects of trade on employment by skill level

Trade and offshoring

Trade-induced technological change

Evidence on the effects of trade on wages by skill level

2.3 Trade and skills jointly affect productivity, growth and wage distribution

The availability of skills affects the impact of trade on productivity and growth

The positive impact of trade on productivity can be constrained by skills gaps

Education and trade reinforce each other in generating higher growth

Education and skills development policies play an important role in the impact of trade on wage distribution

Trade can increase the skill premium if the skills supply response is sluggish

Trade can lead to shifts in the wage distribution

High-skilled workers are better positioned than low-skilled workers to take advantage of the changes brought about by increased trade

Trade openness affects the decision of workers to invest in education in a way that may amplify its distributional effects

Investment in skills can enhance the likelihood that trade will improve access to decent work

Chapter 3: Responding to trade-related changes in skills demand

3.1 Skills responses to change driven by trade

3.2 Skills supply

Meaning of skills supply for an occupation

Private and public supply of skills

Types of education and training provision

Initial education and training

Continuing education and training

Workplace learning

Training under ALMPs

Lifelong learning and qualifications systems

Current versus prospective skills gaps.

A responsive skills supply system can improve trade performance and inclusiveness

3.3 Common systemic constraints on matching skills supply to demand

3.4 Mechanisms for responding to trade-related changes in skills needs

Good governance in skills development systems

Broad access to skills development for displaced workers

Training for employed workers as an important component of continuing learning

Skills development is more challenging for MSMEs

Core work skills are important to productivity and participation in trade

Skills needs analysis and anticipation form an important part of a responsive skills development system

LMI and employment services

Quality and relevance in skills development

3.5 Lessons from experience: Case studies of successful skills development policies

Skills policies to support the Republic of Korea's economic development through international trade

Development of a responsive skills development system in Singapore

Skills development policies for tradable sectors in Ireland

Skills councils in India: The case of the Gem and Jewellery Skill Council of India

Chapter 4: Conclusions

4.1 The relationship between skills and trade

4.2 Constraints on matching skills supply to trade-related demand

4.3 Available responses and persisting challenges

Endnote

References

Annex

Overview of the STED Programme

Endnote.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9789221296423

9221296423

OCLC:

1321801628