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Citation Information

Type Journal Article - Journal of Business and Management
Title Promoting Industrial Training through Macro Economic Approach (The Importance of Training and Development in the Ministry Of Industry in Benghazi Libya)
Author(s)
Volume 12
Issue 1
Publication (Day/Month/Year) 2013
Page numbers 39-44
Abstract
Libya is blessed with many factories but regrettably these factories failed due to lack of skills and experiences. Often Libya due to their uncoordinated, unregulated and fragmented nature delivery systems and policies are the challenges faced by the state. It is difficult to design a training system that ensures demand driven skills provision and involves stakeholders from key relevant sectors and this requires a study to identify problems and prosper solution for sustainable future development. Hence, the report adopted the approach which combines the results of studies being reviewed. I utilized analytical techniques to estimate the strength of a given set of findings across many different studies and sometime compare and draw conclusion. This has allowed the creation of a context from which this report emerged The report data solely rely on the empirical source which classified in primary and secondary source.The reported found out that the number of trainee dropped from 2000 to 2005 by an average of 26 students, in comparison to 1999. However, in 2006 and 2007, the number of trainee showed increased (by an average of 25 students). Due to this increased in trainee, oil production also increased at the beginning of the new millennium. This Indicate that training increase productivity and productivity growth can raise incomes and reduce poverty in a virtuous circle. Productivity growth reduces production costs and increases returns on investments, some of which turn into income for business owners and investors and some of which are turned into higher wages and national growth.

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