The U.S. economy today has been in recovery since 2009. But nearly everyone agrees that the recovery is anemic--too slow to reduce the high level of unemployment. Real Gross Domestic Product (GDP)--the total value of all the goods and services produced in the United States--increased at an annual rate of 2.8 percent in the fourth quarter of 2010.…

Since U.S. economic growth began to slow in 2006, both the Bush and Obama Administrations have enacted a number of fairly costly programs designed to stimulate the economy and employment growth. Because many of these programs are fairly new, there has been little comprehensive examination of their impacts, but initial analysis suggests that these…

In this article, the authors examine global economic dynamics and assess the challenges they pose for U.S. higher education. Consistent with the views of many others, they contend that higher education can and must play a critical role in preparing an increasingly diverse and highly mobile society for the speed-driven and knowledge-intensive…

After German unification in 1990, more than 3 million jobs disappeared in eastern Germany and the obsolescence of eastern German capital stock became apparent. Further escalation of mass unemployment was successfully held in check; however, it soon became clear that labor market policies appropriate for western Germany were not, in and of…

In the coming decade, three major developments will become important factors for change in vocational education. These are changes in the demographic profile and retirement practices, regional shifts in economic activity and in employment, and renewal of the industrial sector as a key ingredient in economic growth. Because of inflation, greater…

Women are at a disadvantage under both Social Security and private employee pension plans because the retirement systems were set up at a time when most women were non-working spouses of employed men, a condition that no longer exists. Today women workers, divorcees, and widows of retirees often find themselves with inadequate retirement benefits…

The impact of globalization on vocational education and training (VET) in Australia was examined through a literature review. Special attention was paid to the following topics: the growing export orientation in Australian industry (industrial growth in Australia's economy, growth in Australian exports, "knowledge intensity" in the…

This book addresses the need for change in the ways businesses are conducted in order to respond to increased global competition and describes the forms change has taken in many businesses. The first part of the book introduces the need for change and describes some change strategies that businesses have adopted. Part II considers the alternative…

Work in the lives of most Third World nation women is not a matter of equity and/or self-actualization. Rather, the changing economic roles and responsibilities of women make working a matter of economic survival. Despite the limitations of existing definitional and measurement problems related to data collection, regional data do exist which…

This newsletter contains two articles dealing with the changing shape of corporations. The article "Trends in Business Culture" argues that Wal-Mart's emergence as the largest corporation in the United States reflects the larger economic shift in the U.S. economy from production of goods to provision of abstract goods such as services…

The problems faced by out-of-school young adults in the United States and the policy implications of those problems were examined. The analysis was based on a review of pertinent publications and statistical data from various government agencies and other sources. The study documented that the past decade has witnessed areas of progress,…

This book examines how many of the United States' social and economic problems are reinforced by the combination of school, business, and government. It outlines ways that U.S. government policy can be reformulated to make schools and training major components in the U.S. labor market's successful adjustment to the new workplace realities. The…

The National Center for Education Statistics conducted a comprehensive analysis of the current context of vocational education (VE), employer perspectives on VE, trends in secondary and postsecondary VE, the academic preparation of students participating in VE, relevant school reform efforts, and VE students' transitions after high school. Among…

This document reports on how key stakeholders in work force preparedness nationwide are responding to pressures of the skills race. Part 1 presents an overview of the skills challenge and the economic and social consequences of failing to meet the challenge. Part 2 examines the impact of the skills shortage on major stakeholders and explains how…