Article 2017

Human capital formation under neo-liberalism: the legacy of vocational education training in Australasia and implications for the Asia-Pacific region

BS
Blumenfeld, Stephen B.
 MA
Malik, Ashish
Asia Pacific Business Review
Journal · Vol. 23 · Issue 2 · pp. 290-298
Abstract

This appraisal considers the role and impact of vocational education and training (VET) in Australia and New Zealand, and suggests directions such policy might take in other Asia-Pacific countries. It identifies key issues and constraints in making VET more responsive to emerging labour market needs in the region as an important factor in sustaining high economic growth. It focuses on the way in which the demands of the government, industry, trainees, and, in particular, shifts in political ideology that have influenced the education and training sectors in both countries. It addresses points of specific relevance for the delivery of VET in the broader Asia-Pacific context and concludes with a consideration of lessons and experiences of Australia and New Zealand with VET that may hold for other countries in the region in formulating priorities and implementing strategies in meeting their current and emerging needs for skills development. © 2017 Informa UK Limited, trading as Taylor & Francis Group.

Keywords

Author Keywords

skills development vocational education and training Inequality Australia Neo-liberalism New Zealand Human capital formation

Index Keywords

human capital training Vocational education Australia skilled labor labor market economic growth New zealand political ideology neoliberalism Pacific Ocean Pacific Rim
Author Affiliations
Wellington School of Business and Government, Wellington, WGN, New Zealand
Faculty of Business and Law, Newcastle, NSW, Australia
Funding & Acknowledgements
No funding information
References 10 References
1 Agrawal, Tushar, Vocational education and training programs (VET): An Asian perspective, Asia-Pacific Journal of Cooperative Education, 14, 1, pp. 15-26, (2013)
2 Education and Training for Development in East Asia the Political Economy of Skill Formation in East Asian Newly Industrialised Economies, (1999)
3 Sustainable Vocational Training Toward Industrial Upgrading and Economic Transformation A Knowledge Sharing Experience, (2014)
4 Mapping Qualifications Frameworks Across APEC Economies, (2009)
5 Industrial Relations Journal, (2008)
6 Development of Australias National Training System A Dynamic Tension Between Consistency and Flexibility, (2016)
7 Skills Development for Inclusive and Sustainable Growth in Developing Asia Pacific, (2013)
8 An Industry Led Vet System Where to from Here, (2003)
9 A Review of International and National Developments in the Use of Qualifications Frameworks, (2006)
10 History of Tertiary Education Reforms in New Zealandresearch Note 2016 1, (2016)
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