Skilled Population Relevance for Sustainable Development Applying the OECD approach “Skills Strategy Model” on Egypt Building the right skills and turning them into better jobs and better lives

Skilled population have become the global currency of the 21st century. Without proper investment in skills, people suffer on the margins of society, technological progress does not translate into economic growth, and countries can no longer compete in an increasingly knowledge-based global society. But this “currency” depreciates as the requirements of labor markets evolve and individuals lose the skills they do not use. Skills do not automatically convert into jobs and growth
Moreover, the global economic crisis, with high levels of unemployment, in particular among youth, has added urgency to fostering better skills. At the same time, rising income inequality, largely driven by inequality in wages between high- and low-skilled workers, also needs to be addressed. the most promising solution to these challenges is investing effectively in skills enhancement throughout the life cycle; from early childhood, through compulsory education, and throughout a working life
Therefore, The OECD has developed a global Skills Strategy as an integrated, cross-government strategic framework that helps countries to identify the strengths and weaknesses of their national skills systems, benchmark them internationally, and develop policies that can transform better skills into better jobs, economic growth and social inclusion
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