These three global trends - technological change, globalization, and demographic shifts - must be central to our thinking as we prepare our workforce and our economy for the challenges that we face. So, in light of these trends, how do we best develop our labour force to boost our productivity?
As I said at the beginning, the key to achieving these goals lies in coordinated effort. Skills development is a shared responsibility of business, academic institutions, the public sector, workers, and students. We need a system of incentives for continuous learning and upgrading of skills, and an infrastructure that delivers the training. This has always been important.