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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