Interest in collective skill formation systems has been high for a
long time, but recent structural economic and societal developments
have led commentators to question their viability. In particular,
the shift towards a knowledge economy creates a number of
challenges for these highly praised systems of vocational training.
These challenges relate to the growing importance of knowledge
intensive production in advanced economies and with the accelerated
pace of change due to innovation and globalization. What is more,
these issues are compounded by coinciding developments in growing
inequality and the emergence of multicultural societies. Can
collective skill formation systems adapt fast enough to the needs
of the knowledge economy? Can they continue to be as successful as
they have been in the past in integrating youth in the labour
market? Will employers be willing to participate in the delivery of
vocational training in this new context? In this book, a world
class team of leading experts on collective skill formation systems
provide a thorough discussion of these and other questions raised
by the shift to a knowledge economy. The book argues that
collective skill formation systems remain attractive for firms and
governments. However, continuous and profound adjustments will be
needed if they are to fulfil their objectives in terms of equity
and efficiency.
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