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While Europe is certainly one of the richest and most educated areas of the world, some of the challenges faced by the old continent are staggering: low economic growth, structural difficulties in the labour market, and increasing international competition. Politicians and policymakers may advocate different means of overcoming the potential economic decline of Europe, but most agree that Europe needs to strengthen human capital, its ultimate competitive advantage in the world economy. This book looks at the accumulation of human capital from two perspectives, first through formal education and then professional training. It provides a useful summary of the key characteristics of education and training in Europe and also asks key questions about the fundamental problems with the current educational and training systems. More importantly, the book goes on to discuss which policies are necessary to make existing education and training systems more efficient, while also making higher skills available to a wider range of people.
This book investigates how European nations can optimize human capital accumulation through formal education and professional training to combat economic stagnation and labor market inefficiencies. The authors, Etienne Wasmer, Giorgio Brunello, and Pietro Garibaldi, utilize comparative economic data and policy analysis to evaluate the current state of European educational systems. They argue that strengthening human capital is the primary mechanism for maintaining competitive advantage in the global economy and propose specific policy reforms to increase system efficiency and skill accessibility.
What You Will Find
Scope Limits
Experts recognize this work as a foundational text for policymakers and economists interested in the intersection of labor markets and education. Readers frequently note the academic density of the prose and the authors' rigorous approach to structural economic challenges.
Page Count:
400
Publication Date:
2007-01-01
Publisher:
Oxford University Press
ISBN-10:
0191526258
ISBN-13:
9780191526251
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