Ingenieur Vol 61 January-March 2015 | Page 43

The annual APEC Science Prize for Innovation, Research and Education (ASPIRE) recognises young scientists through human resources development and welcome the APEC Action Plan for Promoting Q u a li t y E m p l o y m e n t a n d Strengthening People-to-People Connectivity through Human Resources Development. Strategies for Implementation: Capacity Building and Private Sector Co-operation Economic and technical cooperation (ECOTECH) is one of the key pillars of APEC, focusing on narrowing the gap between developed and developing APEC economies.  To help implement the connectivity agenda, we will direct ECOTECH activities at upgrading skills and institutions by providing relevant capacity building activities for APEC economies and adhering to key ECOTECH objectives. In this regard, ECOTECH is an important tool for implementing the Blueprint. T h e d e v el o p m e n t a n d implementation of connectivity initiatives will require a significant amount of information on APEC economies’ needs, expectations, gaps, and on market direction and imbalances. Information on what infrastructure projects are needed, what gaps exist in institutional frameworks, and where skills imbalances lay in the labour market will be crucial to support economies in achieving connectivity targets. To gather this information, economies should work with the private sector. In this regard, the APEC Business Advisory Council (ABAC) and APEC’s policy partnerships and industry dialo gues c an c ont r ibu te significantly by providing p ɥمє)͕