ILO, WTO launch study on investing in skills for inclusive trade
World Trade Organisation
July 04, 2017
Enhancing
the skills of a country’s workforce lifts the export performance of its
enterprises and better prepares them to meet foreign competition in the
domestic market, according to economists from the International Labour
Organization (ILO) and the World Trade Organization (WTO).
A
joint ILO-WTO study, “Investing in Skills for Inclusive Trade”, shows
that boosting core work, technical and management skills can help
countries and businesses meet the challenges of an ever more competitive
global economy by reducing costs and improving the quality of products.
The
authors point to evidence that countries with responsive skills
development systems tend to be more successful in putting skills to use
in tradable activities and thereby improving that country’s competitive
position in the global economy.
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