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The globalization of markets is creating increasing pressure for educational reform in Latin America. Indeed, it has been suggested that one of the main objectives of educational transformation in the region today should be to prepare “human resources for increased national competitiveness in an increasingly global economy” (Reimers and Tiburcio 1993, p. 57). Some change has already been introduced, especially to meet the burgeoning demand for vocational education and training (VET). Nevertheless, experience to date suggests that many vital issues still need to be addressed. The existing VET systems, their deficiencies, and suggestions for improvement are the subject of this paper. It draws on published and unpublished materials, plus the experience of the author in the region and elsewhere.