In the next decade – that is, up to the onset of the financial crisis in 2007 – the combined assets of the world’s 10 largest banks as a share of global GDP nearly tripled, to about 43 percent.
First, because of rapidly changing technology, the payoff period for any training has become shorter and the need for the continuous upgrading of skills greater. Second, research suggests that successful training depends on the design of the training program, not on the age of the trainee.