Competitiveness and the Problem of Low Skill Equilibria: a comparative analysis
Author:
- 1 October 1999
- journal article
- research article
- Published by Taylor & Francis in Journal of Education and Work
- Vol. 12 (3) , 281-294
Abstract
One of the fundamental impediments to the realisation of a high skills economy is a low skill equilibrium created by social and economic factors which lock a significant proportion of the work force into low skill work. A comparative study is undertaken of South Korea, Singapore and the UK to examine the historical and contemporary factors which generate low skill equilibria in each of these nations. A judegment is made as to how likely these nations are to break out of their low skill equilibria, noting that the policies used differ in each country according to the nationally espoused values and purposes underlying economic development.Keywords
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