A multiplicity of skills is needed to succeed
A skilled workforce is crucial to countries’ economic transformation. It enables firms to move up the value chain, adapt to economic changes, and adopt and spur innovation, while allowing workers to move out of low-productivity activities—and earn more in their jobs. The demand for skills is rapidly changing. Digital technologies are leading to automation of routine tasks and transforming or destroying jobs focused on routine and manual tasks. To accelerate economic transformation, countries need to make smart investments in skills development aimed at three policy goals: productivity growth, inclusion, and adaptability of both individuals and economies.