Becoming Credential Societies

Abstract

A quick reply to the first question is that even though education may not produce the desired economic growth, the concept of human investment and the practice of manpower forecasting can at least serve as a guideline to avoid surplus or mismatch of manpower. Moreover, although this approach to education is not satisfactory, other approaches are even less trustworthy and methodologically more demanding. Further, the application ot manpower forecasting in educational planning requires complicated surveys and calculations, making it difficult to challenge (K. Cheng, 1985d, p. 204).