Name this country.
A shortage of skilled workers, declining demand and the rising cost of finance, are key hurdles for businesses today.
About 38% of businesses say a skilled labor shortage is becoming a critical constraint. This <Name this country>’s companies say the shortage has caused negative impact to their business. Many blame the education system for the lack of skilled labor. Other reasons include poor people management, uncompetitive salary levels and an increasing number of career opportunities in the labor market, where demand has outstripped supply.
The survey identified a quantitative shortage in output from schools and a mismatch between employer demand and supply from the educational system. Meanwhile, the shortage of skilled managers, engineers and technicians also hinders plans to achieve higher value-added activities such as R&D and international expansion.
The most important skills required are in business decision-making (95%), planning (82%) and financial management (75%).
<Name this country> now needs graduates who can think, make decisions, do research, analyze problems and find solutions to the problems. Yet the <Name this country>’s education system isn't producing this.
Source: Grant Thornton International, according to the company's recent survey of 7,200 businesses in 32 countries.
Answer: Thailand
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