Universities in Asia do not provide their graduates with the skills that firms need to increase productivity, according to a report on higher education in Asia released by the World Bank. The report revealed that the high levels of unemployment across the region - up to six percent of graduates in China, 8.5% in Indonesia and 11% in the Philippines - is due to the fact that they "simply do not have the right skills". According to the report, a major reason why higher education has failed to do its job is because institutions have been managed as disconnected individual institutions removed from their stakeholders. "Failing to consider the links between higher educaton isntitutions and the wider world around them leads to poor performance adn poor outcomes," said the report.