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Essay / Research Paper Abstract
An 11 page paper which looks at the Job Summit in New Zealand, and the discrepancies between government policy statements and the current funding for training and education programs. Bibliography lists 7 sources.
Page Count:
11 pages (~225 words per page)
File: JL5_JLnzed.rtf
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Unformatted sample text from the term paper:
programs within budget constraints dictated by limited resources. Clearly, in order to maximize human capital and promote the development of a skilled workforce, a high standard of education and training
is essential. However, this aim has to be balanced against the problems of allocating resources to a wide range of social infrastructures: in other words, increased funding to education may
result in shortfalls in other areas, such as health, transport, social services, and so on. It is, therefore, not uncommon to encounter a situation where the governments desire to implement
particular education and training programs cannot be achieved in practice; in fact, budgetary analysis may require cuts in the very areas where increased spending is needed. Bearing these conflicting factors
in mind, we can now look more closely at the way they can be applied to the situation in New Zealand, with regard to proposals for economic growth and the
need to invest in education. Whitehead (2009) states that in both the short and the long term, the major economic issue
is productivity, and that although "a large proportion of New Zealands recent economic growth has been driven by more people in work", it is still necessary to encourage "improved productivity
growth" to generate "sustainable long-run growth in incomes and employment" (Whitehead, 2009). He points out that the average wage in Australia is notably higher than that in New Zealand; another
reason why improved productivity is needed. The governments role, he asserts, is to provide an environment which is conducive to this, especially in relation to investment, skills and regulation. Credit
must be made available so that businesses can expand and jobs be created; this is achieved through various funding schemes and adjustments to interest and exchange rates.
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