Contends that it is widely believed that cheap labor in poor countries attracts foreign investors. Asserts that historical evidence indicates that past patterns of direct foreign investment in poor countries are inconsistent with the cheap-labor argument. Includes two figures and one table. (CFR)

Maintains that adult education is expanding at an ever-increasing rate in industrialized nations. Argues that this growth will have repercussions on all national educational systems. Concludes that a new dialog on the interrelationship between initial education and continuing adult education must begin. (CFR)

Presents a World Bank policy paper on vocational and technical education and training. Reviews the performance of vocational and technical education in both developed and developing nations. Provides four recommendations for donors who might wish to assist countries in meeting skill needs. (CFR)