Skillcentre Training: Development and Prospects

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Since the war there has been increased government intervention in the operation of the economy. Its objectives have been those of promoting growth, full employment, price stability and a favourable balance of trade. The belief that a major reason for the failure of the economy to achieve these objectives was manpower constraints, led to governments intervening into labour markets. One feature of this movement has been the particular concern with the supply of skilled workers. This concern stemmed from the belief that the skilled labour market was characterised by persistent shortages and large cyclical fluctuations in the training of skilled workers.