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Training markets and the effects of market failure on training in Australia

The aim of this report is to present an analysis of training markets and the effects of market failure in Australia. A central concern is to assess whether the Training Reform Agenda (TRA) is the best policy framework to increase investment in training and thereby enhance the competitiveness of enterprises. A further concern is where and how market forces can be relied on to produce optimal outcomes. The report is broadly structured into three main themes: (1) The theory of training markets and the reasons they fail; (2) Empirical evidence on the quantity and quality of training in Australia in an international context; and (3) An assessment of the TRA. Suggested changes to reform agenda include: the scrapping of the Training Guarantee Levy (TGL); Rejuvenation of the competency based training concept; Choice of level of training accreditation, with the link to the Australian Standards Framework (ASF) optional; A genuine enterprise training stream, including streamlined recognition of enterprises as training providers; Divorce of training matters and industrial relations, save in the context of enterprise bargaining; and Removal of the complexity and layers of bureaucratic involvement in training and transfer of ownership to industry and enterprises.

The aim of this report is to present an analysis of training markets and the effects of market failure in Australia. A ...  Show Full Abstract  

Authors: Sloan, Judith; Wooden, Mark
Corporate authors: Flinders University. National Institute of Labour Studies (NILS)
Business Council of Australia (BCA)
University of Melbourne
Date: 1994
Geographic subjects: Oceania; Australia
Resource type: Report
Subjects: Vocational education and training; Statistics; Equity;

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