Although German unification has had a profound impact on European integration and economic development, very few studies of the East German economy exist. The editors of this volume have therefore brought together specialists in economics and politics who analyze such important issues as privatization, monetary reform and unemployment. The aim is to provide scholars and generally interested readers with a critical understanding of the complex processes of German unification and to identify the general lessons that can be learnt from their analysis for economies and societies that undergo such profound transformations as has been the case in East Germany since the early 1990s.

Increasing international competition has put improvements in vocational training at the top of many nations' political agendas. This important book explores the economic analysis of training and relates it to the differing systems found in Western Europe and the United States. After an examination of the theoretical basis for increased emphasis on training the authors present a comparative analysis of the different systems employed in Germany, France, the United Kingdom and the United States. A number of common issues and problems are discussed, such as the relationship between schooling and training, the role of continuing training, retraining for the unemployed, and the position of women and disadvantaged groups in the labour market. A central theme is the differing policies pursued by governments. While recognizing the common concern with potential market failure in training, the authors also draw attention to the poor record of government-funded training in practice and to the dangers of excessive intervention as a result of pressure group activity. Although primarily aimed at students and teachers of economics, business studies and industrial relations, Training for Employment in Western Europe and the United States will be of interest to practitioners and all those concerned with policy issues arising in the training field.

There is still a consensus that British workers are unskilled in relation to their foreign counterparts and a considerable increase in government expenditure on training is needed if our relative economic performance is to be improved. This consensus exists even though it is difficult to find any positive correlation between the resources a country devotes to training and its rate of economic growth. State expenditure on training has risen from less than GBP1 billion in 1978 to nearly GBP3 billion by 1991 without any thought being given to the economic principles which should govern such expenditure. As a result, a large government-funded training industry has emerged, depending significantly on increased contributions from the taxpayer. If there has been a market failure in training, is it legitimate to argue that more money ought to be spent centrally? It is possible that the government is already spending too much on training or is diverting expenditure into the wrong channels. Unless there is clear evidence of the extent of market failure, we cannot judge whether the government is doing too much or too little to assist training provision. Education and training are vital to the economic prosperity of a nation but whenever government action is suggested as a remedy for market failure, the extent to which government fails should also be considered. Governments do have a powerful incentive to be seen helping the labour market at times of high unemployment but we should be sceptical of those who claim to know the labour market's training needs better than the individuals and firms involved. First published in 1992, the issues raised in this controversial publication are perennial. Shackleton's robust economic analysis of the economics of training ensure this books contemporary relevance.