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Skills and Innovation Roadblock or opportunity for Europe ?

Skills and Innovation Roadblock or opportunity for Europe ?. Bruno Lanvin Executive Director, INSEAD-eLab. Skills matter to global competitiveness. Eighty-four percent of the variation in the WEF Global Competitiveness Index is accounted for by the eSkills Readiness Index. GCI average: 4.22.

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Skills and Innovation Roadblock or opportunity for Europe ?

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  1. Skills and InnovationRoadblock or opportunity for Europe ? Bruno Lanvin Executive Director, INSEAD-eLab VIIIth Knowledge Economy Forum

  2. VIIIth Knowledge Economy Forum

  3. Skills matter to global competitiveness Eighty-four percent of the variation in the WEF Global Competitiveness Index is accounted for by the eSkills Readiness Index GCI average: 4.22 WEF Global Competitiveness Index 2008-2009 (GCI) © INSEAD eLab 2009 – Source : INSEAD/eLab database and research Global Competitive Index (GCI) Predicted Actual eSRI average: 3.92 INSEAD eLab eSkills Readiness Index 2008 (eSRI) VIIIth Knowledge Economy Forum

  4. Talents for the Global Knowledge Economy C B- Occupational skills B Literacy & Basic Skills (Math, Science, IT Literacy) Skill needs for a sustainable development in Europe © INSEAD eLab 2009 – Source : INSEAD/eLab database and research VIIIth Knowledge Economy Forum

  5. Europe’s Skill Challenge:Uneven but Widespread A B C D E © INSEAD eLab 2009 – Source : INSEAD/eLab database and research VIIIth Knowledge Economy Forum

  6. Availability of scientists and engineers © INSEAD eLab 2009 – Source : INSEAD/eLab database and research VIIIth Knowledge Economy Forum

  7. Quality of maths and science education © INSEAD eLab 2009 – Source : INSEAD/eLab database and research VIIIth Knowledge Economy Forum

  8. Innovation and education in the world’s top 15 knowledge economies Quality of education NZ(21) DK(1) 1 FIN(4) NOR(10) (NRI ranking in brackets) AUS(15) 5 ICE(8) SWE(2) NED(6) CAN(11) IRE(21) 10 UK(9) USA(6) 15 20 GER(16) AUT(17) 25 30 SUI(5) Innovation performance 30 25 20 15 10 5 1 © INSEAD eLab 2009 – Source : INSEAD/eLab database and research VIIIth Knowledge Economy Forum

  9. Two post-crisis scenarios overall demand & skills supply Market/skills demand With European Skills Pact Skills supply D Skills shortage Without European Skills Pact time pre-crisis post-crisis crisis © INSEAD eLab 2009 – Source : INSEAD/eLab database and research VIIIth Knowledge Economy Forum

  10. The way forward •     prevent talent drain during the crisis •     more maths & science •     seize the cleantech opportunity •     enhance openess and mobility  VIIIth Knowledge Economy Forum

  11. A European Skills Pact (1/2) Launch public-private alliance to ensure re-skilling of excess labour during crisis Re-focus European Structural Funds earmarked for training towards the sectors most likely to contribute to Europe’s post-crisis competitiveness Identify and scale-up successful public-private initiatives to stimulate young people’s interest for mathematics, science, engineering, ICT and cleantech Action 1 Action 2 Action 3 VIIIth Knowledge Economy Forum

  12. A European Skills Pact (2/2) Business universities partnerships to generate the ‘Global Knowledge Economy’ skills which Europe needs Encourage skills mobility within Europe, as well as between Europe and other parts of the world Foster innovative approaches to education (e-learning e.g.) Action 4 Action 5 Action 6 VIIIth Knowledge Economy Forum

  13. The European Skills Pact Edifice VIIIth Knowledge Economy Forum

  14. Thank you for your attention VIIIth Knowledge Economy Forum

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