Introduction
Strategies for the New Economy: Skills as the Currency of the Labour Market
The qualifications achieved in schools, colleges and universities, the brand of an educational institution or an employer, the social networks of a potential job applicant—all are signals currently used to indicate potential fit between individuals’ capabilities and job opportunities in the labour market. These proxy signals have their origin in shortcomings in the capacity to measure and evaluate the actual skills, knowledge, behavioural qualities and abilities that individuals have gained throughout their lives.
