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Education and Continued Economic Growth in Asia

Education is critical to continued economic growth and development. In a Time magazine article, Tharman Shanmugaratnam, Singapore’s Senior Minister of State for Education said: “The existing education system has produced reliable managers for predictable times, but it now needs to produce a new breed of leaders who have a certain ruggedness, an ability to respond quickly to situations.” Business leaders across the region know that new and improved educational systems and employee skills will be critical to sustained growth. In 2002, the Asia Business Council endeavored to understand how the private sector can effectively contribute to creating knowledge based societies, training and education both at the policy and the programmatic levels.

Training and Competitiveness: An Asian Firm Perspective (PDF)