Are we preparing our students for a globalized job market?

More and more discussion are held (outside this blog...) about outsourcing, offshoring, nearshoring and so on - but has our education system taken this into account? On the policy level, this might be the case - but in practice? Looking at curriculum frameworks in both, Higher Education as well as vocational training there is more talk than implementation...
A critical analysis on IT curricula and some potential solutions here: A paper on a global technology competency framework. It is a basis for discussion, e.g., in the IS community, not a proposal - suggestions and ideas are more than welcome!