Using Australia as an example, this paper shows that globalisation poses distinct challenges for technical and vocational education and training (TVET) systems as nations adjust to their areas of comparative advantage. Other challenges that are less often taken into account are the internationalisation of training markets and the entry and exit of skills embodied in people due to migration flows.
Australia's technical and vocational education and training (TVET) system is highly reliant on individual workers and firms making decisions about whether and how to participate in skill formation. For effective workforce development to occur, sophisticated labour market information systems are required to provide signals to workers and firms so they can make optimal choices. This also allows governments to monitor and evaluate labour market policies and programs. This paper describes the role that NCVER plays in this process.