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G20 Initiative Industrialisation for Africa (2019)

  • oliverspaetgens
  • Sep 2, 2021
  • 1 min read

This initiative is an important aspect to be taken into consideration for the identification of sector-orientation respectively prioritisation for TVET programmes.

Based on the economical theory first formulated by David Ricardo, that economical growth (and wealth) can be achieved from international trade by national specialising in the production of goods (for which relatively lower opportunity cost exist) underlines the relevance for seeking job development with higher productivity.

Sectors in which this can be achieved are the industrial and service sector. From a macro-economic perspective, setting up related TVET programmes should be included in national education policy.

An adequate approach could be to base TVET programme identification and selection on "THE ATLAS OF ECONOMIC COMPLEXITY" (Harvard Growth Lab’s research and data visualisation tool used to understand the economic dynamics and new growth opportunities for every country worldwide) Link: https://atlas.cid.harvard.edu

 
 
 

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