A People-centred Approach to Economic Development (PCED): Brokering Economic Inclusion as a Route Way to Improving Competitiveness

2009 ◽  
Vol 24 (6-7) ◽  
pp. 473-486 ◽  
Author(s):  
Mandy Crawford-Lee ◽  
Phillip Hunter
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Workforce Development ◽  
Global Economy ◽  
Knowledge And Skills ◽  
Industrial Economy ◽  
Know How ◽  
Goods And Services ◽  
The Past ◽  
Local Areas

This paper outlines support for adopting a people-centred approach to economic development that has been taken forward in West Yorkshire — an approach that recognises that prosperity in a global economy is driven by ideas, information and knowledge. This is very different to the industrial economy of the past. It presents both a model for an integrated workforce development system and a framework for improving linkages between human capital and economic development. Indeed, it is understood that it is those local areas with a strong, adequately skilled, human capital base that are best placed to utilise knowledge and to transfer this know-how into cutting-edge techniques for the production of goods and services. As such, investment in people's knowledge and skills is a crucial aspect of achieving sustained economic growth in a networked, knowledge-driven, global economy.

Transformation of the intellectual capital structure and a growth in the significance of its components – human capital and intellectual property – in today's economy

2020 ◽  
Vol 16 (4) ◽  
pp. 745-758
Author(s):  
S.N. Larin ◽  
E.Yu. Khrustalev ◽  
N.V. Noakk
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Intellectual Property ◽  
Intellectual Capital ◽  
Global Economy ◽  
Information Technologies ◽  
Economic Community ◽  
Intellectual Activity ◽  
Accelerated Growth ◽  
Definition Of

Subject. Currently, as the global economy evolves, its innovative components should demonstrate a tendency of accelerated growth as intellectual capital, information technologies, increasing knowledge and digitization of mushrooming production processes. Nowadays, intellectual capital is one of the economic development drivers. However, the economic community is found to have no generally accepted wording of the concept, thus laying the basis for this article. Objectives. The study sums up the analysis of approaches used by the Russian and foreign economists to determining the economic substance of intellectual capital. We also identify the importance of human capital as its components and specify the definition of the concept. Methods. The article overviews and analyzes proceedings by the most renowned authors, which substantiate how the economic substance of intellectual capital should be unveiled, and suggest its definitions. Results. We specified the definition of intellectual capital concerning the current economic development. We suggest integrating a new component into intellectual capital, such as intellectual property, which includes products of intellectual activity and intangible assets. They can be owned by the entity or other legal entities and individuals, including some employees of the entity. Conclusions and Relevance. The specified definition of intellectual capital will help address issues of sustainable economic development and ensure the competitiveness of the Russian entities nationwide and worldwide, since it directly contributes to intellectual capital and its components.

Swedish employers

1978 ◽  
Vol 10 (1) ◽  
pp. 4-10
Author(s):  
TOM GORE
Keyword(s):  
Poor Country ◽  
Industrial Relations ◽  
75Th Birthday ◽  
Balance Of Payments ◽  
Total Production ◽  
Working Population ◽  
Sound System ◽  
Industrial Economy ◽  
Goods And Services ◽  
The Past

The Swedish Employers' Federation (SAF), which reached its 75th birthday in September 1977, today operates in a highly developed economy. In 1902 Sweden was relatively a poor country, where 55 per cent of the working population was employed in agriculture and forestry, and only 27 per cent in industry and mining. Today, six per cent of the working population is concerned with agriculture and forestry, whilst industry, mining and construction account for 36 per cent. And there are 30 per cent in public administration and other services and fifteen per cent in trade. The rise of this industrial economy in some seventy years has been achieved largely by private enterprise and initiative, inventive genius, the development of foreign trade, and a sound system of industrial relations. Some forty per cent of the industrial production is exported which is equivalent to twenty‐four per cent of the total production of goods and services measured in monetary terms. The recent devaluation of the Krona has been designed to boost exports in order to overcome the balance of payments deficit which has increased considerably in the past year. Sweden, like Britain, has been affected by the slow economic recovery of Europe and other areas in the world.

scholarly journals Enhancing economic development via the increase of the quality of education

2020 ◽  
Vol 8 (2) ◽  
Author(s):  
Katalin Nagy
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Human Capital ◽  
Economic Development ◽  
Educational Development ◽  
Quality Of Education ◽  
Know How ◽  
Sustainable Economic Development ◽  
Key Factor

Sustainable economic development is one of the most important mission of economic policy. More analysis demonstrate that the key factor is the investment of human capital, which means a correlation between economic growth and quality of education. In this study we overview, how human capital and educational development effect to the economic growth, and how is it possible to quantify the results. We also get to know how the degree of development influenced by the quality of education.

Occupational Competitiveness Analysis of the U.S. Transportation and Logistics Cluster

2020 ◽  
Vol 2674 (1) ◽  
pp. 249-259
Author(s):  
Indraneel Kumar ◽  
Lionel J. Beaulieu ◽  
Andrey Zhalnin ◽  
Chun Song
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Workforce Development ◽  
Industry Cluster ◽  
Location Quotient ◽  
Knowledge Based ◽  
Development Policies ◽  
Staffing Patterns ◽  
Cluster Location ◽  
The U.S

This paper explores occupational or human capital attributes of transportation and logistics clusters in the U.S., by analyzing logistics clusters, such as Memphis and uncovers the differences in occupations or knowledge and skill contents of the workforce. The research builds on previous studies funded by the U.S. Economic Development Administration on U.S. occupation clusters providing insights on logistics clusters from a human capital perspective. The study draws specifically from the industry-and-occupation cluster crosswalks building on previous research on occupation cluster industry cluster-location quotient (OCIC-LQ), and recent research on computerization and automation of occupations. The research questions include how knowledge occupation clusters differ in specialization within the select logistics clusters. How can occupation clusters inform the traditional cluster-based economic development policies in the U.S.? How might automation impact the logistics cluster? The findings show that transportation and logistics clusters are unique in knowledge-based occupations with some commonalities found in different locations. Based on occupational and staffing patterns, nearly 71% of occupations or tasks and activities within the transportation and logistics cluster in Memphis is at risk of automation. The research builds a case for place-based cluster development and people-based workforce development for transportation and logistics cluster in the U.S.

Overview of Workforce Development in Education

2021 ◽  
pp. 24-41
Author(s):  
Julie Neal
Keyword(s):  
Higher Education ◽  
Economic Development ◽  
Community Colleges ◽  
Workforce Development ◽  
Decision Makers ◽  
Economic Stability ◽  
Advisory Committees ◽  
Knowledge And Skills ◽  
Technical Programs ◽  
Future Business

Workforce development focuses on economic development to boost a region's economic stability and prosperity, focusing on individuals. It is also described as the ability to sustain a workforce that can support current and future business/industry. Workforce and technical programs provide training in specialized fields to educate and prepare students to enter the workforce. Keeping in mind that business/industry requires trained employees, and employees need business/industry to create a sustainable lifestyle, decision-makers with knowledge and skills to lead their company and employees in a sustainable, prosperous direction are also required. This chapter explores workforce-development advisory committees, focusing on their relationship with community colleges and higher education. A particular focus is on the challenges growing and evolving workforce faces, and how to train and retrain to keep up with a changing and emerging workforce.

Sustainable Development: Tenant Theory

2012 ◽  
Vol 524-527 ◽  
pp. 3725-3730
Author(s):  
Hui Wei Cai
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Water Resources ◽  
Land Reclamation ◽  
Animal Husbandry ◽  
Oil Extraction ◽  
Soil Layers ◽  
Know How ◽  
The Past ◽  
Patterns Of Behavior

In the past 10,000 years, mankind was primarily engaged in agriculture and animal husbandry. Its economic development did not cause too much destruction of the Earth's environment. But in the recent 300 years, coal mining, oil extraction, land reclamation, mineral exploitation, lumbering, fishing, chemical and nuclear industries, etc., resulted in a variety of ecological disasters. The atmosphere and water resources, soil layers have been seriously polluted. The deteriorating environment reminds mankind that economic development can not sacrifice the environment. For the sake of sustainable development, this paper puts forward a new theory: Tenant Theory. This theory regards mankind as a tenant living in the big house, the biosphere. Its vertical distance is only about 20 kilometers. All the activities of the tenant could not destroy the house. But, this tenant has always been damaging the house unconsciously. In order to obtain an opportunity of sustainable development, mankind must adjust its values and patterns of behavior. This theory is first presented in this paper, it warns that mankind should recognize own place in the great nature, and know how to think and how to behave so as to obtain sustainable development.

scholarly journals Modelling Trade, Investment, Growth and Liberalisation: Case Study of Pakistan

2012 ◽  
Vol 51 (4II) ◽  
pp. 187-208
Author(s):  
Muhammad Arshad Khan ◽  
Ayaz Ahmed
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Adam Smith ◽  
The United States ◽  
Sustainable Growth ◽  
Goods And Services ◽  
The Past ◽  
Asian Tigers ◽  
Liberalisation Policy

The role of trade in economic development as an engine of economic growth has been at the centre of hot policy debates over the past four decades. History supports the success of import liberalisation policy in the United States of America (USA) in the 1940s, Japan in 1960s and the exports promotion achievements of Asian Tigers in the 1970s and 1980s [Yen (2009)].1 There is no doubt that increased movement of goods and services across international borders over the past few decades has helped developing countries to achieve faster and sustainable growth. Many researchers argued that free trade has a key ingredient in facilitating transfer of technology from developed to developing countries [Heokman and Javorcik (2006) and Harding and Javorcik (2012)]. Theoretical literature suggest that trade liberalisation enhances economic growth and development through the specialisation and technological developments. The theoretical link between international trade and economic development can be traced back to the earlier writings of Classical Economists (Adam Smith and David Ricardo) and Neoclassical Economists (Heckscher and Ohlin) in the early part of nineteenth century. The Classical Economists hypothesised that nations gain from trade, and World production would grow when trading nations specialise according to the principles of comparative advantage. On the other hand, the Neo-classical Economists argued that countries will tend to specialise in those products that use abundant resources intensively in the production process. As a consequence, factors prices will tend to equalise across trading nations if production technologies remain identical throughout the world (Stolper-Samuelson approach).

Assessing the Effect of Resilience Policies Directed toward Public Goods, Institutions, and Leadership

2017 ◽  
Author(s):  
Harold Wolman ◽  
Howard Wial ◽  
Travis St. Clair ◽  
Edward Hill
Keyword(s):  
Public Policy ◽  
Human Capital ◽  
Economic Development ◽  
Public Goods ◽  
Workforce Development ◽  
Research Literature ◽  
Civic Action ◽  
Economic Resilience ◽  
Development Organizations ◽  
Time Frames

In chapters 6, we ask whether the most common intentional efforts to bring about recovery through public policy or civic action that we identified in the previous two chapters was likely to have made a difference. We do so by first, setting forth and discussing the logic underlying the policy, i.e., why and under what circumstances the policy might (or might not) be expected to have an effect on regional economic resilience or development. We then summarize the existing research literature that evaluates the specific policies and over what time frames they are likely to occur. Chapter 6 considers approaches related to the provision of public goods and to improve the operation of the region’s economy: human capital, education, and workforce development; infrastructure improvement; amenity improvement and creation; restructuring of economic development organizations; and leadership.

Assistive Technology and Human Capital for Workforce Diversity

2019 ◽  
pp. 225-236 ◽  
Author(s):  
Ben Tran
Keyword(s):  
United States ◽  
Human Capital ◽  
Assistive Technology ◽  
Workforce Development ◽  
The United States ◽  
International Perspective ◽  
Assistive Technologies ◽  
Diverse Workforce ◽  
Playing Field ◽  
The Past

The purpose of this chapter is not on the varieties of the availability of assistive technologies (AT) and their usages based on individuals' specified disability, so that individuals who require the usage of ATs can be of equal playing field compared to those individuals who do not require the usage of ATs. For information regarding AT and the state of AT in the past, present, and future in the United States, ADA and the like refer to Tran's article titled “Assistive Technology.” The purpose of this chapter is beyond the coverage of Tran's “Assistive Technology” article, such that the purpose of this article is on the end results that AT could provide and contribute to the diverse workforce, and the role AT play in relations to workforce development—from an international perspective.

Overview of Workforce Development in Education

2017 ◽  
pp. 1-27
Author(s):  
Julie Neal
Keyword(s):  
Higher Education ◽  
Economic Development ◽  
Community Colleges ◽  
Workforce Development ◽  
Decision Makers ◽  
Economic Stability ◽  
Advisory Committees ◽  
Knowledge And Skills ◽  
Technical Programs ◽  
Future Business

Workforce development focuses on economic development to boost a region's economic stability and prosperity, focusing on individuals. It is also described as the ability to sustain a workforce that can support current and future business/industry. Workforce and technical programs provide training in specialized fields to educate and prepare students to enter the workforce. Keeping in mind that business/industry requires trained employees, and employees need business/industry to create a sustainable lifestyle, decision-makers with knowledge and skills to lead their company and employees in a sustainable, prosperous direction are also required. This chapter explores workforce-development advisory committees, focusing on their relationship with community colleges and higher education. A particular focus is on the challenges growing and evolving workforce faces, and how to train and retrain to keep up with a changing and emerging workforce.

Sign in / Sign up

Export Citation Format

Share Document