Socio-Economic Perspectives on Vocational Skill Development

Vocational skill development (VSD) has the capacity to contribute to poverty reduction because it serves as the key to job creation and inclusive growth. As developed nations have been faced with high youth and graduate unemployment rates, basic education and vocational skill development have become a priority of development cooperation activities. However, there is a realization that measures to improve skill training can only be successful if they are in harmony with employment and economic policies. Socio-Economic Perspectives on Vocational Skill Development is a collection of innovative research on the methods and applications of equipping individuals with relevant work skills and implementing effective skills systems that can lead to economic growth and high levels of productivity. While highlighting topics including human capital, professional development, and skill gaps, this book is ideally designed for managers, business professionals, policymakers, academicians, researchers, and management students seeking the current understanding of the strategic role of skill development at different levels of the socio-economic system.