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In this article we examine the organization and funding of training in a sample of newly industrialized economies (Korea, Malaysia, Singapore and Taiwan, China).The findings lend support to the argument that there is no single training system appropriate for all countries, and much depends on the country's developmental stage and specific characteristics including non-economic ones (such as culture and ethnic composition of the population).However, some characteristics of training seem to be more appropriate than others.First, late specialization in school curricula and acquisition of specialized skills in-service are desirable features.Second, we would advocate measures that encourage private finance of training without acting as a tax on labour.Third, training institutions should have autonomy for student selection, staff recruitment and choice of courses.Fourth, employers should participate in training to a great extent.Fifth, regular evaluations of training policies should take place, and the results of these should be compared with alternative interventions in the area of human resources.
Tzannatos et al. (Mon,) studied this question.
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