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As youth unemployment has worsened recently in Korea, as well as around the world, more attention is being paid to technical and vocational education and training programs. This book aims to assess the economic viability and cost-effectiveness of the Meister Vocational High School (MHS)Program, a new type of Korean vocational high school program launched in 2010, inspired by the German dual education and training program, against other investment options, in particular the regular vocational high school (RVHS) and general high school (GHS) programs and derive policy recommendations for the future.