The project
will examine developments in the education sector and the
opportunities and challenges they present for regional
economic integration and community building in the Asia
Pacific. For this purpose, the project will report on
trends in the various modes of supply of education services
across international borders and identify impediments to
efficient international cooperation in this sector. Behind
these developments are a number of changes in the domestic
arrangements for, and in the demand for and supply of,
tertiary education around the region. This includes the
interest in achieving higher rates of participation in
tertiary education, including in already developed
economies. The project will examine these trends and
identify implications for both providers and consumers and
for options for international cooperation. It also aims to
review work on the outlook for the demand for education in
various PECC member economies, including the influence of
economic growth and demographic change, and its implication
for international cooperation in the provision of education
services.
SHRI has
been nominated as the country representative
to prepare a case study titled- "Challenges and
Opportunities in the in-employment Education Market- A
Singapore Perspective”. This is one of the nine papers
nominated from Asia-Pacific for this broader International
Project.
Abstract
Education
is a liberating force as it has the capability to empower
people to think differently and to look into the world of
possibilities. Education changes the face of the economy,
transforms civilisations and revolutionises thought
processes. The impact of education has become more prominent
in the ongoing knowledge era. For an economy to prosper,
flourish and maintain sustainable growth and development, an
adequately educated workforce acts as a propellant.
As a small
island city-state endowed with no natural resources, to be
economically competitive Singapore has had to emphasise the
human skills of its population. The government has stressed
education and training and thus this English-speaking
cosmopolitan city-state has thrived on international trade,
finance and foreign investment. The Singapore economy has
Asia’s second highest per capita GDP next to Japan
(Corporate Training, Singapore 2004).
This paper provides an overview of the Singapore education
market, looks at the country’s ‘in-employment’ education
market and then considers the major challenges and issues,
the Singapore Model, quality assurance, and the role of the
corporate sector.
More information
on the report overview can be found on Pacific Economic
Cooperatioin Council
http://www.pecc.org/education/book.htm
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