Abstract:

Nowadays, education and training are the center of many discussions concerning policies and strategies that need to be adopted in order to diminish the effects of the current global economic
crisis. Training prepares individuals for the job-seeking process and gives them an advantage over their competition, contributes to the creation and dissemination of knowledge and is a strong
determinant of society’s progress. The paper discusses the problem of general versus specific training in the context of the economic crisis. It first presents a short description of the concepts after which it analysis European private and public investments in training, during the economic crisis, to decide what type of training is dominant and why.