ABSTRACT
Technology has been a major driving force since the beginning of the Industrial Revolution. Capital and labor are fundamental factors of production, and technology has been transforming both of them to tease out new products and unprecedented levels of productivity. But new technology also demands newer and higher levels of skills. This chapter focuses on the role of skills development as an instrument of promoting employment, particularly among youths in Asia and the Pacific, and partly addresses an important target under Millennium Development Goal (MDG) Goal 1: Achieve full and productive employment and decent work for all, including women and young people (Target 1b).
