Training Policy and Economic Theory: A Policy Maker′s Perspective

Gives some definitions of training and training policy, before discussing how policy is made and its relationship to context, including stakeholders and the range of policy instruments. Suggests that the role of theory is to structure policy makers′ views of context and options;it pervades the rhetoric which they use in negotiating their policies. Presents two case studies: TECs, where major policy decisions have little to do with conventional economic analysis; and public expenditure decisions about training.