The forum, taking place in Singapore, gathered 16 APEC economies with the aim to examine policy solutions to strengthen digital skills and the digital economy. Whereas the digital economy is evolving at a great rate, education systems are not adapting accordingly.
‘Skills mismatches hurt workers and the broader economy. Productivity declines when key jobs remain vacant. APEC requires more skills training programs to reduce the global shortage of highly-skilled workers, which may soon exceed 38 million people,’ noted Professor Dong Sun Park. Professor Park, Chair of the APEC Human Resources Development Working Group.
In addition, a survey was launched with the aim to showcase skill mismatches that affect the digital economy. Namely, according to the survey, 75 per cent of respondents, consisting of employers, government officials and academics, report significant skills mismatch.