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Olga Tregaskis and Noreen Heraty

This chapter examines the organisational logic underpinning investment in human resource knowledge and skills, and compares national systems as the fulcrum upon which variation in human resource development (HRD) systems and practices turns. The authors explore globalisation pressures and what these mean for the significance of national institutions in shaping firm-level behaviour in HRD. The chapter focuses on labour market change, discussing the impact of technological advances, changes in migration patterns, and age demographics on skill and knowledge bases.