Aliki Mouriki
c) the adaptability of the workforce to rapid technological change, reflected in the matching of
supply and demand and in the capacity of an economy to make the best use of its human
capital, especially in relation to skills’ requirements.
In all of the above areas, the performance of both Spain and Greece (especially the latter) leaves
much to be desired:
• employment growth has been restricted to the marginal workforce and/or the informal
sector of the economy;
• participation in further training and lifelong learning programmes remain very low, thus
depriving the economy of the necessary skills and qualifications;
• traditional forms of work organization continue to prevail in the vast majority of firms;
• the competitive advantage of firms is still based on low-cost, low technological capacity
activities and weak institutional regulation. For how much longer?
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