Publication: Chongqing 2035: An Innovation Strategy to Climb Up the Value Chain and Create the Conditions for a Skilled Labor Force
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Date
2019
ISSN
Published
2019
Author(s)
World Bank
Abstract
The innovation economy has become a
driving force in transforming entire industries, which has
been happening at an accelerated pace. Cities are making
massive investments in innovation and research and
development (R&D) to support and attract
technology-driven industries that are leading the digital
revolution and disrupting established markets. To succeed in
this transformation, a strong and skilled labor force is the
most crucial factor. Human capital, meaning the skills,
knowledge, and experience of the labor force, is critical
for future economic development and
innovation.Traditionally, Chongqing has been a city of
production, focusing on the application of technology rather
than its development and innovation. However, while this has
served the city well in the past, Chongqing’s low innovative
capacity puts it at risk of missing out on future economic
opportunities. This problem is exacerbated by a shortage of
highly skilled labor and by a mismatch between available
jobs and the existing workforce.
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Citation
“World Bank. 2019. Chongqing 2035: An Innovation Strategy to Climb Up the Value Chain and Create the Conditions for a Skilled Labor Force. © World Bank, Washington, DC. http://hdl.handle.net/10986/31390 License: CC BY 3.0 IGO.”