Increased flows of information and the enhanced use of information, computer and telecommunication (ICT) technologies are seen as having major implications for those managing education and training policies, especially within resource scarce transitional economies. After reviewing a number of characteristics associated with progressively globalised and knowledge-based societies and relevant to educational/training initiatives, the Hungarian experience is considered in some detail. This analysis prompts a more focused debate on the effective management of educational and training policies in contemporary societies, especially those engaged in transition. Although the growth of knowledge based societies would seem to be imposing a relatively uniform set of challenges for education/training managers in all modern economies, effective implementation of these policies arguably demands a degree of customisation to account for the particular socio-cultural contexts existing within Hungary and the other transition economies
