The last decade has been …(1)… for management education and development. When the economies of most western countries were …(2)… in early 1980s there were …(3)… cuts in both in corporate training and in higher education. During the boom years of mid 1980s there was some …(4)… in both areas. In early 1990s industrialised countries were in the …(5)… of another service recession and a …(6)… retrenchment was to be reasonably …(7)…throughout the training world. But this is not the case so far. Many leading companies are …(8)… their belief in training as the key to future competitiveness and governments have …(9)… an era of rapid …(10)…