A number of developing countries currently identify vocational education and training (VET) as a key approach to building human capital. For example, the promotion of VET at the high school level ("vocational high school", which is used here interchangeably with VET throughout the paper) has become a policy priority among emerging…

China has made remarkable progress along the path of economic transformation over the past three decades. To continue its rapid growth in an economy with increasingly higher wages, China's key challenge is whether it can become competitive enough in quasi-skilled and skilled sectors so that more technologically advanced industries and service…