Key Points
For more than half a century, the handbook for how developing countries can grow rich hasn't changed much: Move subsistence farmers into manufacturing jobs, and then sell what they produce to the rest of the world...
The recipe -- customized in varying ways by Hong Kong, Singapore, South Korea, Taiwan and China -- has produced the most potent engine the world has ever known for generating economic growth..
It has helped lift hundreds of millions of people out of poverty, create jobs and raise standards of living...
Service jobs for businesses are multiplying, but many offering middle and high incomes are in areas like finance and tech, which tend to require advanced skills and education levels far above what most people in developing nations have...
The Future of Jobs report, published last year by the World Economic Forum, found that 6 in 10 workers will need retraining in the next three years, but the overwhelming majority won't have access to it...
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