Rethinking Education:Investing in skills for better socio-economic outcomes

Investment in education and training for skills development is essential to boost growth and competitiveness: skills determine Europe's capacity to increase productivity. In the long-term, skills can trigger innovation and growth, move production up the value chain, stimulate the concentration of higher level skills in the EU and shape the future labour market. The massive increase in the global supply of highly skilled people over the last decade puts Europe to the test. The time when competition came mainly from countries that could offer only low-skilled work has come to an end. The quality of education and supply of skills has increased worldwide and Europe must respond.

This Communication is accompanied by: country fiches summarising the performance and policy reforms of the Member States in the key areas covered by the Communication; the first edition of the Education and Training Monitor, which gives a picture of current skills supply and progress towards the Europe 2020 headline targets; and five other Staff Working Documents, showcasing policy evidence and good practice.

Source: EC Education & Training

Document type
  • Other
Language

English

Publication Year

2012

Author(s)/Editor(s)
European Commission
Geographical focus
  • International; Other
Scientifc field / Thematic focus
  • Cross-thematic/Interdisciplinary
Attachments

Entry created by Danaja Lorencic on December 21, 2012
Modified on December 21, 2012