Daily News Online
  KRRISH SQUARE - Luxury Real Estate  

Wednesday, 31 October 2012

Home

 | SHARE MARKET  | EXCHANGE RATE  | TRADING  | OTHER PUBLICATIONS   | ARCHIVES | 

dailynews
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

Informal economy has 62% of country's work force - DEW

Sri Lanka has been left with no other alternative than depend on our own human resources for sustained economic development, as we have very limited natural resources to exploit, said Senior Minister of Human Resources DEW Gunasekera.

Speaking at the launch of the National Human Resources Policy for Sri Lanka at Temple Trees yesterday, Minister Gunasekera said that 62 per cent of the country's work force is in the informal economy.

"This is the segment of society which is subject to quality limitations and with less purchasing power with no bargaining power and most vulnerable to market fluctuations", he said.

The Minister said that those who fail to secure G.C.E Ordinary level and the Advanced level join the labour market with no skills. "At the University Entrance level, only about 11 per cent enter the Higher education institutions. The rest enter the labour market with no opportunities for higher education due to financial constraints. He said the National Human Resources Policy Framework has also stressed the importance of enhancing the public service. The Minister said the country's private sector suffers from the dearth of skilled personnel in certain fields and the university system should be more reformed to meet the requirement of global economy. He said the country is blessed with a high standard of social development. He was of the view that the country's social development can not be sustained unless it keeps pace with economic development of the country.

He said that the country has to be competitive in an accelerated global economy with the advancement of science and technology.

Minister Gunasekera said the human resources should be developed in a global competitive environment if the country wants to achieve economic development. He said the country's work force nearing 8 million is low productive and low competitive. "There is a growing need to improve employment opportunities for the youth and women in less developed regions and vulnerable groups.

 

EMAIL |   PRINTABLE VIEW | FEEDBACK |

Millennium City
Donate Now | defence.lk
www.apiwenuwenapi.co.uk
LANKAPUVATH - National News Agency of Sri Lanka
www.army.lk
Telecommunications Regulatory Commission of Sri Lanka (TRCSL)
www.news.lk
www.defence.lk

| News | Editorial | Business | Features | Political | Security | Sport | World | Letters | Obituaries |

Produced by Lake House Copyright © 2012 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor