Economic perspective

ILO/Crozet M.
- Paradise Umbrella Group Co.,

The economic perspective will be discussed in terms of efficiency,effectiveness, accountability, attractiveness and responiveness of TVET.

Skills development for youth employment
Youth unemployment can be traced back to a number of economic, political and social factors. It is now commonly accepted that youth unemployment is a structural concern that requires long-term solutions. In the skills development field, a mismatch between demand for skills and the lack of appropriately skilled young workers has often been at the root of the latters’ weak integration into the labour market. The Congress will discuss TVET programmes able to address youth problems in the labour market and save the so-called “lost generation”.      

Building the responsiveness of TVET systems
It is generally accepted that quality TVET must be responsive to changes in the demand for skills, whether these are economically, socially or politically generated. Growing attention is given to responsiveness to employers. Building stronger bridges between the TVET system and the world of work in order to match skills provision with the current needs of labour markets, and to anticipate their future ones, is seen as an essential step to enhancing employability of learners. There are also questions regarding the extent in which TVET responds to the needs of individuals and communities, as well as to self-employed, complex livelihoods and non-cash work.

Revisiting TVET funding and enhancing efficiency
TVET is under heightened pressure to demonstrate value for money. Recent years have seen increasing use of a diverse range of funding mechanisms and diversification of sources of financing for TVET, as well as a growing emphasis on relating payment for provision more closely to learning and labour market outcomes.

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