... of training (Ulrich, 1995a, b; Schmidt, 1996). © MCB UP Limited 1997 Action learning Capital investment Germany Pay In contrast to many other European countries, predominantly school‐based vocational education plays only a minor role in Germany’s training system. Most young people...

... Capital investment Germany Pay In eastern Germany, rather than maintain the existing productive apparatus through low wages, a strategy of thoroughgoing reconstruction in the presence of a high level of human capital should constitute the most favourable environment for the process of learning...