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Education, Training and the Global Economy

David Ashton, formerly of Cardiff University and Francis Green, Institute of Education, London, UK
Education, Training and the Global Economy takes issue with the notion that simply more or better education and training will inevitably bring economic success.
Extent: 240 pp
Hardback Price: $145.00 Web: $130.50
Publication Date: 1996
ISBN: 978 1 85278 970 1
Availability: In Stock
Paperback Price: $47.00 Web: $37.60
Publication Date: 1997
ISBN: 978 1 85278 973 2
Availability: In Stock
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  • Economics and Finance
  • Economics of Education
  • Labour Economics
  • Social Policy and Sociology
  • Labour Policy
Across the industrialized and developing world, education and training are regarded as paramount to economic growth, but this view is rarely questioned or analysed. This major book is an in-depth multi-disciplinary investigation of the link between modern economies and education and training systems.

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.
‘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.’
– Alice H. Amsden, Massachusetts Institute of Technology, US

‘The book is a well-written publication on an interesting topic. It also has an extensive bibliography running to thirty-three pages, which can be of immense value to the scholars concerned with these issues. It will be a useful addition to the libraries and to the collection of those individuals who are working in the fields of policy-planning in education and training and in labour economics. The book should also be of interest to a lay man who thinks.’
– M. Chandra, Journal of Science and Industrial Research

‘. . . it conveys a convincing, well-balanced and original message, namely that while a high-wage and high-skill road of industrial development is feasible. . . . it must be consciously pursued as alternative, low-wage and low-skill industrial futures continue to be both possible and profitable.’
– Wolfgang Streeck, Max-Planck-Institut für Gesellschaftsforschung, Germany

‘The book is ambitious and magnificently successful in its inter-disciplinary scope, and is breathtakingly wide-ranging in its factual coverage of training systems in a heterogeneity of countries. Erudite throughout, it is in these respects a real tour de force. Highly recommended.’
– Geraint Johnes, Business History

‘. . . a provocative inquiry into the implications of divergent development patterns for education and training systems at the national level. The authors, David Ashton and Francis Green, provide a wealth of information and conceptual analysis in their coverage of a wide range of issues.’
– Ronald Rogers, Asia Pacific Journal of Management
Contents: 1. Introduction and Overview: Capitalism and Skill Formation 2. Education, Training and Industrialized Economies 3. Education, Training and Economic Performance: the Empirical Evidence 4. Global Economic Transformation and Skill Trends 5. A Theory of Skill Formation Systems 6. The Low-Skills Route 7. The High-Skills Routes 8. Conclusion: A Framework for Policy Analysis Bibliography Index