A country can activate the supply of its skills in two main ways:
By encouraging people to offer their skills to the labour market. This requires concerted efforts to:
- Identify inactive individuals and the reasons for their inactivity
- Create financial incentives that make work pay
- Dismantle non-financial barriers to participation in the labour force
By retaining skilled people in the labour market. This requires concerted efforts to:
- Discourage early retirement
- Staunch brain drain