Human capital formation : a study of the development of technical education and vocational training in two Asian Chinese newly industrialised economies

Abstract

Hong Kong and Taiwan, similar to each other, have open economies, encourage foreign and multi-national investment and are dependent on externally oriented industries. To be able to find international markets,the two territories need to continue to improve efficiency and quality in production throughout the economy if they are to compete successfully in an era of rapid economic and technological change. Moving to high value-added production requires skills and adaptability. One way of raising productivity is through education and training.