Skills development is essential for enhancing productivity from "summary" of Theory of Economic Growth by W. Arthur Lewis
Skills development plays a crucial role in driving productivity growth within an economy. The acquisition of new skills and the enhancement of existing ones enable workers to perform their tasks more efficiently and effectively. This, in turn, leads to increased output per worker, which is a key determinant of overall productivity levels in an economy. By investing in skills development, individuals can expand their knowledge base and improve their ability to adapt to changing technologies and market conditions. This flexibility allows workers to take on more complex tasks and responsibilities, ultimately contributing to higher levels of productiv...
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