The global technology and innovation frontier pushes forward at a rapid pace, and countries around the world seek to either keep up, or catch up. Countries at the frontier are forward-looking, have robust economies, are open to investment and technology, and have competitive, well-matched workforces. And countries that want frontier-combatible workforces require agile, demand-driven training arrangements that allow for swift entry and re-entry to training. After all, as the fourth industrial revolution unfolds, technology and markets continue to change at ever-increasing speeds. Training systems must adapt to an environment in which skills need frequent updating, and find ways to leverage employers’ comparative advance in providing that training. This technical note seeks to help the public and private sectors understand what is currently being done to help achieve workforce skills convergence, and to begin thinking about how they might employ public-private arrangements to incentivize training at firms of all sizes. Read more...

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