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Leveraging Economic Growth with TVET

Related Document
Frame of Image 990 → 82% in 2000 → 101% in 2010 ‐ Importance of Helping Individuals Acquire Marketable Skills  and Achieve Gainful Employment throughout their Career 
Increase in Policy Interest in TVET  to Cope With the  Challenges
3
Reasons for the Provision and Expansion of TVET
To Supply Skilled Workers and Technicians To Solve Unemployment Problems of Youths  To Create a Reserve of Skilled Workers to Attract 
Capital Investment (FDI)
To Absorb Demand for Secondary Education To Curb Excessive Future Demand for Higher 
Education
4
Challenges to TVET Investment(pre‐employment)  in Developing Countries
Inefficiency of Formal School‐based Vocational Education  ‐ Lower ROR and High Unemployment Rate ‐ Higher Costs / Disconnection with Labor Market and the  Needs of a Large and Increasing Informal Sector 
However, Some Studies shows that Graduates from TVET 
‐ Earn Higher Wages and  ‐ Have Higher Job Satisfaction and Productivity when their jobs  were matched with their training . Ambiguous Evidence on the Effectiveness of TVET  Investment in Developing Countries
Need for a Prudent Approach
5
Relative Effectiveness of 3 Modes of TVET Delivery
School‐based TVET Pros ‐ Suitable for  Acquiring Basic/Core  Competencies ‐ More Flexibilities  and Advantages of  Diverse Choice of  Jobs ‐ High Cost of  Facilities &  Equipment ‐ Supply‐driven: Low  Relevance to Labor  Market Skill Demand V.T.I.‐based TVET Workplace‐based TVET ‐ Provides Job‐ ‐ Most Efficient and  specific Skills in  Effective to Keep 


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Title Leveraging Economic Growth with TVET
Similar Titles
Project Category Capacity Building Workshops
Material Type Proceedings
Author(English)

Paik, Sung Joon

Author(Korean)

백성준

Date 2012-10
Event

High Level Knowledge Forum

Project Capacity Building Workshops
Pages 21
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < General
Holding KDI School
Organizer KDI School; Ministry of Strategy and Finance; The World Bank
Venue Grand InterContinental Hotel Seoul Parnas, Seoul, Korea
Program Type Forum
Project Term 2012-10-15 ~ 2012-10-16

User Note

High Level Knowledge Forum: Expanding the Frontiers in Development Policy under Korea’s Knowledge Sharing Program (KSP)