Reskilling Revolution initiative

May 28, 2022

The Reskilling Revolution initiative marked two years of progress at the World Economic Forum (WEF) Annual Meeting 2022 in Davos, Switzerland.

What is Reskilling Revolution initiative?

Reskilling Revolution initiative is a global coalition of 50 CEOs, 25 ministers, and 350 organizations committed to realizing the gains of skilling. It was launched in 2020 at the World Economic Forum’s (WEFs) 50th Annual Meeting. It aims to provide 1 billion people with better education, skills, and economic opportunity by 2030.

The coalition works with national-level country accelerators launched in 12 countries including India, Pakistan, South Africa, UAE, and others, with knowledge support from countries like Denmark, Finland, Singapore, and Switzerland. The coalition aims to expand beyond adult reskilling and upskilling and focus on education for children and youth. The efforts of the coalition will be carried forward by a new Education 4.0 Alliance, which brings together 20 leading education organizations.

What is the need for investing in skills?

Global inequities in lifelong learning, a pandemic like COVID-19 that affected education and work, supply chain changes, the green transition, and rapid technological changes highlight the need for investing in education and skills of the future.

According to the World Economic Forum (WEF), investing in skills of the future will add USD 8.3 trillion in increased productivity to the global economy by 2030. China, the USA, Brazil, Mexico, and Italy are the five countries that stand to gain the most from investment in the skills of the future for primary and secondary school students.

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