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This journal provides an assessment of and a number of articles on current issues in economic policy. The theme of this issue is knowledge, skills and competitiveness. The articles are: The assessment: knowledge, skills, and competitiveness / Ewart Keep and Ken Mayhew (p. 1-15); Human capital theory and UK vocational training policy / Margaret Stevens (p. 16-32); Product strategies, managerial comprehension, and organizational performance / Robin Wensley (p. 33-42); The future of the high-skill equilibrium in Germany / Pepper D. Culpepper (p. 43-59); Creating self-sustaining, high-skill ecosystems / David Finegold (p. 60-81); The role of the state in skill formation: evidence from the Republic of Korea, Singapore, and Taiwan / Francis Green, David Ashton, Donna James and Johnny Sung (p. 82-96); Adult vocational training and government policy in France and Britain / Christine Greenhalgh (p. 97-113); From individual skills to organizational capability in Japan / Mari Sako (p. 114-126).