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    Investing in Human Resources and Reforming the Labour Market

    Lanka, Institute of Policy Studies of Sri | August 2017
    Abstract
    The Economic Statement of October 2016 presented by the Prime Minister envisages increasing the growth rate of the Sri Lankan economy to 7 percent with the objective of doubling per capita incomes by 2025. Given that the Sri Lankan economy is closely integrated with the rest of the world, achieving a sustained average growth rate of 7 percent will only be possible if the country manages to stay competitive in the global market. With the graduation to low middle income status and rising wages, continuing to compete on cheap labour is no longer a viable option for Sri Lanka. Instead, the country will need to facilitate and improve market sophistication and efficiency to improve productivity and competitiveness of the economy.
    Citation
    Lanka, Institute of Policy Studies of Sri. 2017. Investing in Human Resources and Reforming the Labour Market. © Institute of Policy Studies of Sri Lanka. http://hdl.handle.net/11540/7543.
    Keywords
    Curriculum development
    Educational aid
    Economic development
    Industrial projects
    Career development
    Vocational education
    Industrialization
    Vocational training
    Technological institutes
    Job searching
    Labor market
    Work experience programs
    Global Development Learning Network
    Globalization And Development
    International Development Strategy
    Policy Development
    Human Capital Development
    Human Development
    Human Resources Development
    Skills Development
    Management Development
    Vocational Education
    Business planning
    Human rights and globalization
    Occupational training
    Technological innovation
    Labor and globalization
    Manpower policy
    Labor policy
    Rural manpower policy
    Career academies
    Professional education
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    Citable URI
    http://hdl.handle.net/11540/7543
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    04-Labour-Market-Reforms.pdf (117.5Kb)
    Author
    Lanka, Institute of Policy Studies of Sri
    Theme
    Development
    Education
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise