The Nexus Between Employability Skills and Economic Well-Being in the Context of China-Pakistan Economic Corridor

Abstract

This research aims to assess the relevance and association of employability skills of universities graduates and its impact on economic well-being in the context of China Pakistan Economic Corridor. This study analyzed student’s employability skills, governments and universities policy initiatives for skill development. The mixed methods approach used, conducted key informant interviews(n=7) from different stakeholders and a structured survey (n=241) from seven public sector universities students. This research also did archrivals analysis of the available policy documents, annual reports, prospectus, and other relevant information. The findings of this research are valuable in terms of having an understanding about the current government policies, higher institution's role in the development of skilled human resources and implementation of the standards. In addition, study also found that the China Pakistan Economic Corridor has huge potential to enhance the economic growth of Pakistan given that the development of skilled human resources on priority. In particular, this paper assessed and analyzed the supply and demand side for employability skills and impact on economic wellbeing in the framework of China Pakistan Economic Corridor.