The challenges posed by the existing skill gaps are shared by both the advanced Westas well as the emerging economies in the global south, the latter with an added dimension. A combination of factors such as integration of global markets, shifts in international division of labour and advancement in technology contribute to the persistence of skill gaps in the advanced countries. Only a concerted effort to improve the quality and quantity of the skills of the work force would help maintain or improve their levels of living (see OECD 1994; Finegold and Wagner 2002). While the above factors hold good in the emerging economies with respect to skill gaps in certain countries like China and India.
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