How the macroeconomic environment affects human resource development

Arvil Van Adams, Robert Goldfarb () and Terence Kelly

No 828, Policy Research Working Paper Series from The World Bank

Abstract: Do inward-focused development strategies reduce competition in factor markets and incentives for more efficient skills development Do outward-focused development strategies improve them The authors compared vocational education and training systems in six developing countries in the 1980s. They found that an outward orientation encourages more efficient development of human resources. Protectionist trade regimes that shelter producers from global competition produce price distortions in domestic capital and labor markets that affect the efficient use of resources in skills development. Structural adjustment programs that address these distortions expand incentives for private training and for more efficient use of public resources in skills development.

Keywords: Labor Markets; Vocational & Technical Education; Public Sector Management and Reform; International Trade and Trade Rules; Rural Labor Markets (search for similar items in EconPapers)
Date: 1992-01-31
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