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Author: Omar Arias
Publisher: World Bank Publications
ISBN: 1464813507
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
Despite strong recent economic growth, Sub-Saharan Africa has levels of economictransformation, poverty reduction, and skill development far below those of other regions.Smart investments in developing skills—aligned with the policy goals of productivity growth,inclusion, and adaptability—can help to accelerate the region’s economic transformation inthe 21st century.Sub-Saharan Africa’s growing working-age population presents a major opportunity toincrease shared prosperity. Countries in the region have invested heavily in building skills;public expenditure on education increased sevenfold over the past 30 years, and more childrenare in school today than ever before. Yet, systems for building skills in this population havefallen short, and these shortcomings significantly impede economic prospects. In half of thecountries, fewer than two in every three children complete primary school; even fewer reachand complete higher levels of education. Learning outcomes have been persistently poor,leading to substantial gaps in basic cognitive skills—literacy and numeracy—among children,young people, and adults. The literacy rate of the adult population is below 50 percent in manycountries; functional literacy and numeracy rates are even lower.Systemwide change is required to achieve significant progress. Multiple agencies at thecentral and local levels are involved in skills development strategies, making skills “everyone’sproblem but no one’s responsibility.” Policies and reforms need to build capacity for evidence-based policies and create incentives to align the behaviors of all stakeholders with the pursuitof national skills development goals.The Skills Balancing Act in Sub-Saharan Africa: Investing in Skills for Productivity, Inclusivity,and Adaptability lays out evidence to inform the policy choices that countries will make in skillinvestments. Each chapter addresses a set of specific questions, drawing on original analysisand synthesis of existing studies to explore key areas:• How the skills appropriate to each stage of the life cycle are acquired and whatmarket and institutional failures affect skills formation• What systems are needed for individuals to access these skills, including familyinvestments, private sector institutions, schools, and other public programs• How those systems can be strengthened• How the most vulnerable individuals—those who fall outside the standard systemsand have missed critical building blocks in skills acquisition—can be supported.Countries will face trade-offs—often stark ones—that will have distributional impactsand a bearing on their development path. Committed leaders, reform coalitions, and well-coordinated policies are essential for taking on the skills balancing act in Sub-Saharan Africa.
Author: Omar Arias
Publisher: World Bank Publications
ISBN: 1464813507
Category : Business & Economics
Languages : en
Pages : 296
Get Book Here
Book Description
Despite strong recent economic growth, Sub-Saharan Africa has levels of economictransformation, poverty reduction, and skill development far below those of other regions.Smart investments in developing skills—aligned with the policy goals of productivity growth,inclusion, and adaptability—can help to accelerate the region’s economic transformation inthe 21st century.Sub-Saharan Africa’s growing working-age population presents a major opportunity toincrease shared prosperity. Countries in the region have invested heavily in building skills;public expenditure on education increased sevenfold over the past 30 years, and more childrenare in school today than ever before. Yet, systems for building skills in this population havefallen short, and these shortcomings significantly impede economic prospects. In half of thecountries, fewer than two in every three children complete primary school; even fewer reachand complete higher levels of education. Learning outcomes have been persistently poor,leading to substantial gaps in basic cognitive skills—literacy and numeracy—among children,young people, and adults. The literacy rate of the adult population is below 50 percent in manycountries; functional literacy and numeracy rates are even lower.Systemwide change is required to achieve significant progress. Multiple agencies at thecentral and local levels are involved in skills development strategies, making skills “everyone’sproblem but no one’s responsibility.” Policies and reforms need to build capacity for evidence-based policies and create incentives to align the behaviors of all stakeholders with the pursuitof national skills development goals.The Skills Balancing Act in Sub-Saharan Africa: Investing in Skills for Productivity, Inclusivity,and Adaptability lays out evidence to inform the policy choices that countries will make in skillinvestments. Each chapter addresses a set of specific questions, drawing on original analysisand synthesis of existing studies to explore key areas:• How the skills appropriate to each stage of the life cycle are acquired and whatmarket and institutional failures affect skills formation• What systems are needed for individuals to access these skills, including familyinvestments, private sector institutions, schools, and other public programs• How those systems can be strengthened• How the most vulnerable individuals—those who fall outside the standard systemsand have missed critical building blocks in skills acquisition—can be supported.Countries will face trade-offs—often stark ones—that will have distributional impactsand a bearing on their development path. Committed leaders, reform coalitions, and well-coordinated policies are essential for taking on the skills balancing act in Sub-Saharan Africa.
Author: Peter Darvas
Publisher: World Bank Publications
ISBN: 1464810516
Category : Education
Languages : en
Pages : 186
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Book Description
Despite a spectacular expansion of the higher education sector in Sub-Saharan Africa, the supply of tertiary education has generally failed to keep pace with demand and the region continues to lag all other regions in terms of access to tertiary education. This is in part a consequence of deeply entrenched patterns of inequitable access to higher education, and the perpetuation of what researchers refer to as “elite systems†?. To date, access to tertiary education in Sub-Saharan Africa has unduly benefitted students drawn from the region’s wealthiest households, and overall enrollment remains disproportionately male, and metropolitan. These factors stifle the catalytic potential of higher education, corroding its potential for driving economic growth and sustaining poverty reduction. Instead, patterns of access to tertiary education have generally reinforced and reproduced social inequality, instead of eroding its pernicious social and economic effects. This report aims to inform an improved understanding of equity in tertiary enrollment in Sub-Saharan African countries, and to examine the extent to which inequity functions as a bottleneck inhibiting the ability of African universities to effectively drive improvements in overall quality of life and economic competitiveness. In our survey of the evidence, we also aim to identify which policies most effectively address the challenge of promoting equity of access in SSA tertiary education systems. In order to achieve these objectives, the report collects, generates and analyzes empirical evidence on patterns of equity, examines the underlying causes of inequity, and evaluates government policies for addressing inequity.
Author: Kaleb G. Abreha
Publisher: World Bank Publications
ISBN: 1464817219
Category : Business & Economics
Languages : en
Pages : 269
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Book Description
Industrialization drives the sustained growth in jobs and productivity that marks the developmental take-off of most developed economies. Yet, academics and policy makers have questioned the role of manufacturing in development for late industrializers, especially in view of rapid advancements in technologies and restructuring of international trade. Concurrently, industrialization and structural transformation are integral to the African Union’s Agenda 2063 and the development strategies of several countries in Sub-Saharan Africa (SSA). Given this renewed interest in industrialization across the region, a central question is not whether SSA countries should pursue industrialization as a potential path tosustainable growth but how to promote the prospects of industrialization. Industrialization in Sub-Saharan Africa: Seizing Opportunities in Global Value Chains addresses this question by reassessing the prospects for industrialization in SSA countries through integration into global value chains. It also examines the role of policy in enhancing these prospects. The main findings indicate that • SSA has not experienced premature deindustrialization; the region has witnessed substantial growth in manufacturing jobs despite a lack of improvement in the contribution of manufacturing value-added to GDP. • The region’s integration into manufacturing global value chains is reasonably high but it is dominated by exports of primary products and engagement in low-skill tasks.• Global value chain integration has led to job growth, and backward integration is associated with more job creation.The report emphasizes the role of policy in maintaining a competitive market environment, promoting productivity growth, and investing in skills development and enabling sectors such as infrastructure and finance. Policy makers can strengthen the global value chain linkages by (1) increasing the value-added content of current exports, (2) upgrading into high-skill tasks, and (3) creating comparative advantages in knowledge-intensive industries.
Author: Mr.Amadou N Sy
Publisher: International Monetary Fund
ISBN: 1484385667
Category : Business & Economics
Languages : en
Pages : 61
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Book Description
FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.
Author: African Union
Publisher: UNESCO Publishing
ISBN: 923100574X
Category : Political Science
Languages : en
Pages : 256
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Book Description
Author: Deon Filmer
Publisher: World Bank Publications
ISBN: 1464801088
Category : Business & Economics
Languages : en
Pages : 283
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Book Description
This book focuses on how to improve the quality of jobs and meet the aspirations of youth in Sub-Saharan Africa. It finds that a strong foundation for human capital development can be key to boosting earnings, arguing for a balanced approach that builds skills and demand for labor.
Author: World Bank
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
3. Investing in people.
Author: Jieun Choi
Publisher: World Bank Publications
ISBN: 1464814457
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
The Future of Work in Africa focuses on the key themes of creating productive jobs andaddressing the needs of those left behind. It highlights how global trends, especially theadoption of digital technologies, may change the nature of work in Sub-Saharan Africa bycreating new opportunities and challenges. It argues that, contrary to global fears of workerdisplacement by new technologies, African countries can develop an inclusive future of work,with opportunities for lower-skilled workers. Harnessing these opportunities is, however,contingent on implementing policies and making productive investments in four main areas.These are enabling inclusive digital technologies; building human capital for a young, rapidlygrowing, and largely low-skilled labor force; increasing the productivity of informal workersand enterprises; and extending social protection coverage to mitigate the risks associated withdisruptions to labor markets. This companion report to the World Bank’s World DevelopmentReport 2019 concludes with important policy questions that should guide future research,whose findings could lead to more inclusive growth for African nations.
Author: James Cust
Publisher: World Bank Publications
ISBN: 1464817448
Category : Business & Economics
Languages : en
Pages : 257
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Book Description
This book examines the role for natural resource wealth in driving Africa’s economic transformation and the implications of the low-carbon transition for resource-rich economies. Resource wealth remains central to most Sub-Saharan African economies, and significant untapped potential is in the ground. Subsoil assets—such as metals, minerals, oil, and gas—are key sources of government revenues, export earnings, and development potential in most countries in the Africa region. Despite large reserves, success in converting subsoil wealth into aboveground sustainable prosperity has been limited. Since the decline in commodity prices in 2014, resource-rich Africa has grown more slowly than the region’s average growth rate. Finding ways to more effectively harness natural resource wealth to drive economic transformation will be central to Africa’s economic future.As the world moves away from fossil fuels in alignment with commitments under the Paris Agreement, Africa’s resource-rich countries face new risks and opportunities. Recent estimates suggest that 80 percent of the world’s proven fossil fuel reserves must remain underground to meet the Paris targets, and much of these stranded reserves may be in Africa. This issue of stranded assets and, relatedly, “stranded nations,” has major implications for the many African economies that are dependent on petroleum extraction and export. On the other hand, the energy transition will increase demand for raw material inputs involved in clean energy technologies. The transition from fossil fuels to clean energy may create demand by 2050 for 3 billion tons of minerals and metals that are needed to deploy solar, wind, and geothermal energy. How can African economies tap into these opportunities while managing the downside risk to their fossil fuel wealth? Africa’s Resource Future explores these themes and offers policy makers insights to help them navigate the coming years of uncertainty.
Author: Nadda, Vipin
Publisher: IGI Global
ISBN: 1799877833
Category : Business & Economics
Languages : en
Pages : 277
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Book Description
To enter the sports, events, and hospitality industry, it is necessary to develop and hone certain skills to ensure competitiveness. These skills must be studied further to educate those interested in pursuing a career in these fields on what it takes to begin this long process and enhance their employability. Employability and Skills Development in the Sports, Events, and Hospitality Industry provides insight into current professionals working in the sports, events, tourism, and hospitality industry and considers the skills and qualifications necessary to work within or enter the industries. Covering key topics such as hard skills, volunteerism, virtual events, and educational institutions, this reference work is ideal for event managers, coaches, property owners, entrepreneurs, industry professionals, researchers, academicians, scholars, educators, and students.
