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date: 18 April 2019

Abstract and Keywords

This chapter aims to provide a review and analysis of skill development in China and India that do not neatly fit any skill formation model found in the literature. Although both China and India have made some impressive achievements in skill formation in the past two decades, great challenges remain on their way toward high-skill equilibrium including providing a strong educational foundation for vulnerable groups, corruption and rising inequality, skills mismatch, and raising employer skill demands. Despite many similar goals and challenges, the trajectories of skill development of the two countries are shaped by different sets of political, socioeconomic, institutional, cultural, demographic, and organizational factors, leading to two different skill formation and demand models with some complementary strengths and weaknesses.

Keywords: China, education and training, high-skill equilibrium, India, skill demands, skill development, skills mismatch, unemployment of college graduates

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