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Free keywords:
occupational skills, industrialised countries, diversity, institutional forms, modern capitalism, economic institutions, skill creation, vocational education and training, competitive advantage, global economy
Abstract:
This study of the problems confronting institutions for the creation of occupational skills in seven advanced industrialised countries contributes to two different areas of debate. The first is the study of the diversity of institutional forms taken by modern capitalism, and the difficulties currently surrounding the survival of that diversity. Most discussions of this theme analyse economic institutions and governance in general. This book is more specific, focusing on the key area of skill creation. The second theme is that of vocational education and training in its own right. While sharing the consensus that the advanced countries must secure competitive advantage in a global economy by developing highly skilled work-forces, the book draws attention to certain awkward aspects of this approach that are often glossed over in general debate: the employment-generating power of improvements in skill levels is limited; employment policy cannot depend fully on education policies. While the acquisition of skills has become a major public need, there is increasing dependence for their provision on individual firms, which can have no responsibility for general needs, with government action being restricted to residual care for the unemployed rather than contributing at the leading edge of advanced skills policy.
