Higher Education Service Strategy Based on OECD Economic Outlook 2024 Analysis: Innovative Approaches to Community Economic Resilience
Description
The OECD Economic Outlook Volume 2024/1 highlights global economic challenges, including moderate growth, inflation risks, and labor market slowdowns. The study aligns these insights with a university community service program strategic plan, identifying three key intervention areas: workforce upskilling, mentoring for small and medium-sized enterprises (SMEs), and education on inflation stability and financial literacy. The findings suggest that universities can mitigate economic inequality through technology-driven skills training, supporting local entrepreneurship, and fostering multi-sector collaboration. The study underscores the need for technological innovation and evidence-based strategies in developing service programs. Recommendations include aligning education with market demands, integrating technology, and fostering research-based mentoring to achieve a sustainable economic impact, positioning universities as vital agents of change in addressing contemporary economic issues.
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Steps to reproduce
This study uses report analysis as the main method, including: Descriptive Analysis: Describes global macroeconomic conditions, including GDP growth, inflation, and the labor market. Followed by, trend Analysis: Identifying patterns in economic growth to design programs based on community needs. Then, researcher end-up with risk Analysis: Examines risks such as geopolitical tensions and tight monetary conditions that affect economic stability. The data was analyzed qualitatively to integrate the findings of the OECD report into the design of the university community service program.