Page 24 - Education and Inclusive Growth --Jong-Wha Lee Korea University

170 ᐿ࿲ၾආӉj઺ԃٙɢඎ

development. The race between skills and technology will determine whether

the dividends from new technologies are realized and the benefits widely shared.
The recent increase in inequalities of job opportunities and wages that many
countries experienced was due to the gap between those who have skills that

can make productive use of new technologies, and the others who do not have
adequate skills in new technologies (Autor, 2014).
Education has a vital role in preparing workers for adequate skills in

response to the current and future demands of the labor market under the
environment of rapidly changing technologies. Education system should be
able to prepare today’s youth for the “skills of tomorrow. With good-quality

education starting from early in the life-cycle, all students should be equipped
with solid cognitive and non-cognitive abilities as well as ICT skills. By making
lifelong learning more accessible, workers must keep their skills up-to-date with

new technologies. Governments can provide the strong incentives for employees
and firms to continue to re-skill and up-skill voluntarily.
To improve learning outcomes at school and skill training programs,
upgrading quality of teachers and school administration system is a key factor

(World Bank, 2018). Teachers should be well-trained and qualified. In addition,
improving flexibility in curriculum design will make education and training

programs more responsive to changing technologies and market demand.

Concluding Remarks

This paper provides evidence that educational attainment plays an
important role in both economic growth and income distribution. Growth

accounting and regression analyses based on cross-country data show that an
increase in average years of schooling contributes significantly to per worker