Get Ready for the Skills Economy

Last week I gave a short presentation of the organisation G20 YEA – G20 Young Entrepreneurs Alliance.

The 2018 G20 YEA summit was held in September in Buenos Aires, Argentina. The summit explored the relationship between education, the global economy and the future of entrepreneurship. Under the theme of “Entrepreneurship, Education and the Businesses of the Future”, the summit looked at the educational needs of present and future entrepreneurs, as well as the business opportunities in the education technology space.

Five reports were presented on the following topics:

  1. Get Ready for the Skills Economy
  2. Young Entrepreneur Mobility Across G20 Countries
  3. Discussion Paper on Quality Education
  4. Smart Taxation for Young Entrepreneurs
  5. How to Accelerate Skills Acquisition in the Age of Intelligent Technologies

Today, I’d like to give a quick insight into what was discussed in the first report: “Get Ready for the Skills Economy”, which was pulled together with Accenture, who are one of the awesome G20 YEA Knowledge Partners.

Under the three main topics

  1. Post-transformation skills economy
  2. Post-transformation corporate learning
  3. Academic research and innovation on post-transformation learning

were discussed different sub-topics on the theme “Education, Entrepreneurship, and the Future of Business”, presented by CAME Joven in Argentina.

In the foreword to these papers, Alejandro Finocchiaro, Argentina’s Minister of Education, Culture, Science and Technology, writes:

“We are facing an ever-changing world where new technologies are modifying the way in which we relate, study and work. That is the scenario for which we must prepare children, youth and adults; those are the challenges of the 21st century.

An inclusive society can only be possible through a sustainable development agenda, which places education as a fundamental part of the mechanism for our children and youth to follow the path of knowledge. Accordingly, a change of paradigm is vital for education to continue performing this key role in society. We need to rely on the most powerful tool in order to foster opportunities, develop people’s full potential and build an active citizenship.

That is why the Argentine Government has prioritized the design of an education system aimed at responding to the transformations that students, teachers and school authorities face to- day. We have to think about how and what children and youth are learning, as the upcoming world needs a citizenship trained in skills of the future.”

And Bruno Sanguinetti, President for G20 YEA in Argentina, follows with:

“Education is today, a fundamental pillar to create successful business. The future of those businesses is based in creation of new solutions, to problems that might not yet appeared. The quality education is a theme very broad, and the development of them is what will allow us to become the drivers of the future we want to build.”

It is broadly known and understood that innovation and the use of technology, due to its fast transformation pace, requires an education system that can keep up with and reflect this pace. For entrepreneurs emerging in businesses that both develop and use these innovations, it is important to be able to find employees with vital knowledge and skills – which has proven to not always be easy. Innovation will always be ahead in the race.

This also reveals the challenge and importance of us humans to be both willing to always learn and also have the ability leave behind irrelevant knowledge.

As Roumilhac and Tassetto write in their paper “Address employability challenges by building a learning culture”:

“Given how fast jobs are changing, a solid diversified workforce is less about what people already know than about their capacity to learn.”

You can find out more about the G20 YEA here.

You can download the full report here.

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