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Gaps in supply of workers with the skills needed to drive 21st-century economies

gaps in the supply of workers with the skills needed to drive 21st-century economies – Manufacturing growth, then, promotes better quality employment and more inclusive growth. It’s noteworthy that based on Forbes Asia reports, the country’s top billionaires derive their wealth dominantly from services, particularly finance and real estate, and more recently, private health and educational services as well. In light of the above, our big business titans would do well to get more into manufacturing as a deliberate contribution to more inclusive growth.

THERE ARE potentially serious gaps in the supply of workers with the skills needed to drive 21st-century economies, and a growing surplus of workers with more limited skills, warns the McKinsey Global Institute in a 2012 global labor market study. The Philippines, where there are signs that a belated industrialization may finally be happening, is already…

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