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06 Sep 2010

The Skills Deficit

Daniel Gros

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Two years after the world economy suffered a nervous breakdown in the wake of the collapse of Lehman Brothers, global financial markets remain unsettled, and the recovery that started so vigorously in 2009 seems to be stalling. In this Commentary, CEPS Director Daniel Gros considers the reasons for this slowdown and the mismatch between the skills available in the existing work force and the requirements of a modern export-oriented manufacturing sector.

This Commentary was first published as an article on the Project Syndicate website on 3 September 2010.