<i>'This is a very important book. It debunks the "Say's Law" of education which is so popular now among free market enthusiasts: that the supply of educated people automatically creates the demand necessary to employ it. The authors show that for the educated to excel requires a carefully cultivated socio-economic and political environment.'</i>
Education, Training and the Global Economy takes issue with the notion that simply more or better education and training will inevitably bring economic success. The authors examine theoretical approaches to education and training before surveying empirical data and our knowledge of current skills trends in the global economy. The institutional and historical determinants of routes to low or high skill formation in industrialized economies are thoroughly considered. Particular attention is paid to the new routes to skill formation found in the dynamic Pacific Rim economies.
This book will be welcomed by researchers, policymakers and students concerned with training, education and labour economics.