Firms, nations and training
By: D'Souza, Errol.
Material type:
ArticlePublisher: 2002Description: p.1073-093.Subject(s): Training
In:
Indian Journal of Labour EconomicsSummary: Nations have used different strategies for skill acquisition - from apprenticeship systems and firm-specific training to individual motivation. Firms and their employees, on theother hand, invest in training depending on the possibility of expropriation of the returns, which in turn necessitates the introduction of safeguards for such investments that are in place. The firm needs to be seen not solely as a nexus of contracts between owners and managers of physical assets but also as a combination of specific investments between managers and employees which is an important determinant of its competitiveness. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 45, Issue no: 4 | Available | AR55660 |
Nations have used different strategies for skill acquisition - from apprenticeship systems and firm-specific training to individual motivation. Firms and their employees, on theother hand, invest in training depending on the possibility of expropriation of the returns, which in turn necessitates the introduction of safeguards for such investments that are in place. The firm needs to be seen not solely as a nexus of contracts between owners and managers of physical assets but also as a combination of specific investments between managers and employees which is an important determinant of its competitiveness. - Reproduced.
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