In the quest to attain the status of a developed country by the year of 2020, greater emphasis must be given to the retraining and skills upgrading of the workforce. This is necessary not only to increase the knowledge and intensity of the workforce, but also to equip them with specialised and up-to-date skills as production techniques become increasingly automated and businesses becoming more competitive.
Retraining and skills upgrading is also of paramount importance to enhance the quality of the workforce so that is versatile and adaptable to the changing technological and business environment.
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