scholarly journals The Worforce for the 21st Century

10.28945/3655 ◽  
2017 ◽  
Author(s):  
Henry O'Lawrence
Keyword(s):  
Economic Growth ◽  
21St Century ◽  
Global Economy ◽  
Human Performance ◽  
Skill Training ◽  
Global Market ◽  
Workforce Education ◽  
Future Research ◽  
Market Change ◽  
Education And Development

[This Proceedings paper was revised and published in the journal Issues in Informing Science and Information Technology] Aim/Purpose: In today’s changing economy, economic growth depends on career and technical programs for skill training. Background: This study discusses the key area in promoting individual learning and skill training and discusses the importance of career education and training as a way of promoting economic growth. Methodology: This study uses a qualitative study approach to investigate and report on the status and influence of Workforce Education and Development and its economic importance. Contribution: This report contributes to the knowledge base common to all work settings that can solve many human performance problems in the workplace. Findings: This study also justifies and validates the ideas on the importance of workforce education and development in the 21st century as a way of developing economic growth and providing learning to make individuals competitive in the global economy. Recommendations for Practitioners: For practitioners, this study suggests that we must always have discussions of what leads to career success and understanding that there is not enough high-skill/high-wage employment to go around. Therefore, developing these skills requires a decision about a career or related group of jobs to prepare to compete for them; we have to provide training needed in order to be competitive in global economy. Recommendation for Researchers: Researchers have to develop strategies to promote career direction with willingness to evaluate the level of academic interest, level of career focus and readiness for life away from home (attitudes, skills and knowledge of self). Impact on Society: Institutions must regularly evaluate curriculum to reflect the rapid technological changes and the globalization of world markets that reflect their mission and develop students’ mindset to always think big and think outside the box in order to be competitive in the global market. Change is external, transition is internal. It is important that the change agent communicate both the reasons for change and the probable consequences that people will experience during the time of this change, which is transition – a change people go through when they become unemployed or face a major employment obstacle in their lives. Future Research: New research should focus on career assessment materials and related academic programs and career directions that will promote success.

scholarly journals The Workforce for the 21st Century

10.28945/3724 ◽  
2017 ◽  
Vol 14 ◽  
pp. 067-085
Author(s):  
Henry O'Lawrence
Keyword(s):  
Economic Growth ◽  
21St Century ◽  
Global Economy ◽  
Human Performance ◽  
Skill Training ◽  
Global Market ◽  
Workforce Education ◽  
Future Research ◽  
Market Change ◽  
Education And Development

Aim/Purpose: In today’s changing economy, economic growth depends on career and technical programs for skill training. Background: This study discusses the key area in promoting individual learning and skill training and discusses the importance of career education and training as a way of promoting economic growth. Methodology : This study uses a qualitative study approach to investigate and report on the status and influence of Workforce Education and Development and its economic importance. Contribution: This report contributes to the knowledge base common to all work settings that can solve many human performance problems in the workplace. Findings: This study also justifies and validates the ideas on the importance of workforce education and development in the 21st century as a way of developing economic growth and providing learning to make individuals competitive in the global economy. Recommendations for Practitioners : For practitioners, this study suggests that we must always have discussions of what leads to career success and understanding that there is not enough high-skill/high-wage employment to go around. Therefore, developing these skills requires a decision about a career or related group of jobs to prepare to compete for them; we have to provide training needed in order to be competitive in global economy. Recommendation for Researchers: Researchers have to develop strategies to promote career direction with willingness to evaluate the level of academic interest, level of career focus and readiness for life away from home (attitudes, skills and knowledge of self). Impact on Society: Institutions must regularly evaluate curriculum to reflect the rapid technological changes and the globalization of world markets that reflect their mission and develop students’ mindset to always think big and think outside the box in order to be competitive in the global market. Change is external, transition is internal. It is important that the change agent communicate both the reasons for change and the probable consequences that people will experience during the time of this change, which is transition – a change people go through when they become unemployed or face a major employment obstacle in their lives. Future Research: New research should focus on career assessment materials and related academic programs and career directions that will promote success.

scholarly journals The Contribution of Sustainable Tourism to Economic Growth and Employment in Pakistan

2019 ◽  
Vol 16 (19) ◽  
pp. 3785 ◽  
Author(s):  
Faiza Manzoor ◽  
Longbao Wei ◽  
Muhammad Asif ◽  
Muhammad Zia ul Haq ◽  
Hafiz ur Rehman
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Global Economy ◽  
Tourism Industry ◽  
Policy Implications ◽  
Future Research ◽  
Asian Countries ◽  
Long Run ◽  
Augmented Dickey Fuller ◽  
The Impact

In the global economy, tourism is one of the most noticeable and growing sectors. Thissector plays an important role in boosting a nation’s economy. An increase in tourism flow canbring positive economic outcomes to the nations, especially in gross domestic product (GDP) andemployment opportunities. In South Asian countries, the tourism industry is an engine ofeconomic development and GDP growth. This study investigates the impact of tourism onPakistan’s economic growth and employment. The period under study was from 1990 to 2015. Tocheck whether the variables under study were stationary, augmented Dickey–Fuller andPhillips–Perron unit root tests were applied. A regression technique and Johansen cointegrationapproach were employed for the analysis of data. The key finding of this study shows that there isa positive and significant impact of tourism on Pakistan’s economic growth as well as employmentsector and there is also a long‐run relationship among the variables under study. This studysuggests that legislators should focus on the policies with special emphasis on the promotion oftourism due to its great potential throughout the country. Policy implications of this recent studyand future research suggestions are also mentioned.

scholarly journals Making Business Work for Development: Issues for Small to Medium Enterprises

2021 ◽  
Author(s):  
◽  
Paul Thompson
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Poverty Alleviation ◽  
Global Economy ◽  
Poverty Reduction ◽  
Significant Proportion ◽  
Global Market ◽  
The Poor ◽  
The Rich ◽  
Medium Enterprises

<p>This thesis examines the question of whether business can be made to work for development. Can the standards that are used to measure development projects be applied to the outcomes of business ventures in developing countries? Proponents of neoliberal economic globalisation claim that economic growth is, by definition, good for the poor, and that the opening of global markets gives unprecedented opportunities for poverty reduction. 'Aid for Trade' is now a significant proportion of ODA funding. This is aid that is directed at assisting developing countries to be able to enter the global market. The claim is that the removal of trade barriers and the facilitation of smooth trade processes will be the key to achieving the MDG targets for poverty alleviation. Literature however suggests that such claims are much exaggerated, and that the global market does not automatically work to benefit the poor. Even where good rates of growth are achieved in a country, the poor are left behind, with widening income gaps between the rich and poor. This thesis examines these issues before investigating the concept of 'pro-poor business'. Economic growth can be structured to have positive benefits for the poor. It does not happen automatically, but it can be intentionally built into economic growth structures. There are some basic and fairly simple steps which all business could adopt to assist in poverty alleviation. Beyond this there are business ventures that are proactive in targeting the needs of poor communities. The thesis looks at case studies of six businesses started by expatriate entrepreneurs in six Asian countries. The businesses are investigated by a qualitative study that uses an emailed questionnaire followed up by further email and phone discussions. The businesses have been chosen to illustrate the possibilities over a range of types and sizes of business, and the degree to which they are intentional in targeting specific poverty issues. The businesses are asked questions both about their business structures and also about the extent to which they achieve development oriented goals. Issues faced by the businesses in this melding of business and development concerns are examined. The conclusion is that there are opportunities arising from globalisation that can be taken and shaped to enable the poor to become participants in the global economy.</p>

scholarly journals Innovative Policy Reforms for Sustainable Development: Empirical Evidence from PICs

ECONOMICS ◽  
2018 ◽  
Vol 6 (2) ◽  
pp. 79-85
Author(s):  
Dr Ranasinghe M.W. Amaradasa
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Global Economy ◽  
Developing Nations ◽  
Global Market ◽  
Design Development ◽  
Policy Reforms ◽  
Economic Sectors ◽  
Business World ◽  
The Pacific

Summary The science and technology capabilities inculcate economic growth in a country through various processes engaged with absorption and utilization of existing knowledge, and creation of new knowledge. The Pacific Island Countries consisted of many small developing island nations naturally have limited S&T capabilities and narrow development agenda. The present study explores how different island nations in the Pacific configure themselves and design development initiatives in the global economy. Recent policy initiatives, S&T establishments and innovative approaches in PICs are visited to derive reasonable conclusive remarks. The analysis disclose existence of focussed but partially fragmented move towards sustainable development rather than driving the economy for generating a competitive edge in the business world. The fabric of the economic growth in small developing nations is naturally blended with the social and cultural interests and hence innovations across specific segments of economic sectors are chosen based on their capabilities and access to resources. Hence, the evidence reimpose that fact that the small developing nations, in particularly the PICs, select the path of development to generate the competitive advantage in the global market, while emphasizing sustainability as a priority.

David Versus Goliath: The Competitiveness Of Africa’s Local Enterprises In The Global Economy

2021 ◽  
Vol 9 (4) ◽  
pp. 160-179
Author(s):  
John O. OGBOR ◽  
Martins IYAMABHOR ◽  
Onome Precious AWOSIGHO
Keyword(s):  
Multinational Corporations ◽  
Paradigm Shift ◽  
Global Economy ◽  
Global Market ◽  
Future Research ◽  
Competitive Advantages ◽  
Strategic Responses ◽  
Developed Economies ◽  
The Competitiveness Of Enterprises ◽  
Local Firms

As a result of the dynamics of globalization, the variegated economies of the world have become more homogenous, integrated, interrelated and interdependent. However, rather than becoming a veritable player in a network of interrelationship and interdependency, the African economy has increasingly become a powerless spectator in the theatre of globalization. Although there is a great deal of literature and research in this area of international business, most of it has concentrated on the multinational corporations and their effects on the host country’s economy. Research and literature in this field have mainly looked at protective measures and subsidies as the way out of foreign competition; it has rarely addressed competitive strategic responses of local firms to foreign multinational corporations operating in the local economies. Anchored on the resource-based view of the firm and the network interaction theory, the paper provides an alternative framework or a paradigm shift for analyzing the competitive options available to Africa’s local firms in a global market. From this paradigm shift, the competitive advantages of Africa’s local firms are conceptualized to be (i) a function of firm specific assets and (ii) the prevailing home market conditions. The method of inquiry adopted in this paper is textual deconstruction. The major contribution of this study to the existing globalization discourse is its shift of focus from the multinational corporation to the analysis of global competition from the perspective of the competitiveness of enterprises in less developed economies such as Africa. The suggested framework and paradigm shift can also be used by scholars to map strategic options for local enterprises in selected markets. Future research can subject the suggested framework to empirical scrutiny to see how well the arguments hold.

Sub-Saharan Africa: The Challenge of Integration into the Global Trading System

2011 ◽  
Vol 10 (1) ◽  
pp. 115-126
Author(s):  
Joseph Fosu
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Poverty Reduction ◽  
Global Market ◽  
Sub Saharan Africa ◽  
Trading System ◽  
Poor Countries ◽  
Sub Saharan ◽  
Poverty Levels ◽  
Textile And Apparel Industry

AbstractDeveloping countries that are integrating quickly into the global trading system are among the fastest growing economies in the world. The impressive economic growth combined with significant reduction in poverty levels in recent years in China and India seem to demonstrate that increased international integration has the potential to spur growth capable of reducing poverty levels in poor countries. In contrast Sub-Saharan Africa appears to have been marginalized. The textile and apparel industry provides ample illustration of the daunting problems that make it difficult for countries in the region to successively engage in the global economy. Being unable to take advantage of the global market economy to promote economic growth and poverty reduction, countries in Sub-Saharan Africa continue to rely on official development assistance (ODA) from rich nations. The challenge for Sub-Saharan Africa is to help spur economic growth by becoming well integrated into the global economy in order to share more fairly in its benefits.

Welcome to the 21st Century for Project Managers

2021 ◽  
Author(s):  
Analise Thompson ◽  
Fady Chaban ◽  
Tony Strathman ◽  
David Gönczi
Keyword(s):  
Project Management ◽  
21St Century ◽  
Global Economy ◽  
Human Performance ◽  
Resistance To Change ◽  
Modern Technology ◽  
Project Managers ◽  
Team Members ◽  
Definition Of Success ◽  
Definition Of

Abstract If the O&G industry adopted new mail technology at the same rate it adopts project management technologies, it would still be using the Pony Express. Risk aversion and resistance to change are two of the main reasons for project failure across the industry. The industry still solves problems by throwing a bunch of human resources at the issue. The more people in the room the better the solution will be, right? In the 21st century, project management needs be based on the interaction of technology with human behavior. The objective of this paper is to introduce the industry to project management in the 21st century. In today's ever-changing global economy, the definition of success is just as fluid, and project management must be agile enough to deal with this. Finding something that works and then sticking to it for decades will no longer suffice. Modern technology companies take a unique approach to major project management which continually polls for changes and empowers individual employees to use their own best judgement while maintaining coordination with their fellows. An examination of this approach can provide helpful insight into optimizing the use of available resources, human or otherwise. Today's top technologies make it easy for individual team members to continuously update and record the progression of the project, and helps employees work toward better solutions rather than limiting themselves to the original requirements and company protocol. Employees are empowered to look for solutions, think out of the box and outside of what is currently available in-house. In the 21st century, the solution to problems is not a complex spreadsheet shared on SharePoint, it's an elegant integration of technology that optimizes human performance as shown in this case study.

scholarly journals Skill Development Landscape in India

2016 ◽  
Vol 3 (3) ◽  
Author(s):  
Smita Dayal
Keyword(s):  
Economic Growth ◽  
Skill Development ◽  
Skill Training ◽  
Large Population ◽  
Global Market ◽  
Policy Framework ◽  
Technological Advancement ◽  
The Road ◽  
The Government ◽  
Wealth Generation

<div><p><em>The confluence of technological advancement, globalisation and economic liberalisation in the recent years has prompted governments in developed and developing countries alike to prioritise skills development as a key strategy for economic competitiveness and growth. India has the youngest and one of the largest pools of “demographic dividend” that needs to be nurtured, and through appropriate skill development it can foster economic growth, equitable wealth generation as well as meet the global skill shortages. The large population, majority of which are either unemployed or underemployed in the unorganized sector, need to be given adequate skill training which will not only aid the industries but will also encourage entrepreneurial ventures that will in turn generate future employment opportunities and fuel economic growth. This paper is an attempt to understand the existing skill development landscape in India by having a birds’s eye view of the importance of skill development for the economy, skill related statistics, institutional framework in skill development, skill development initiatives running in the country currently, major challenges, policy framework and the road head for meeting the Government’s aim to train 500 million people by 2022 by empowering all individuals through improved skills, knowledge and nationally and internationally recognised qualifications to gain access to decent employment and ensure India's competitiveness in the global market. It is observed that in order to make the skill development mission a success, it is important for the Government to focus on inclusive measures, quality in delivery, use of information and communication technology to meet scalabity and speed of delivery, introduction of modular and short term programs to meet industry specific needs etc. The cooperative federation and the involvement of States will further boost the skill development ecosystem in India.</em></p></div>

scholarly journals COMPETITIVENESS AND INNOVATION SYNTHESIS IN THE INTEGRATED GLOBAL ECONOMY

Ekonomika ◽  
2010 ◽  
Vol 89 (2) ◽  
pp. 76-94
Author(s):  
Gražina Jatuliavičienė ◽  
Marija Kučinskienė
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Global Economy ◽  
Global Market ◽  
Business Development ◽  
Business Growth ◽  
Production Processes ◽  
Standards Of Living ◽  
Successful Business ◽  
National Framework

The article aims to show that the main and most important prerequisite for successful business development in the integrated global market becomes improvement of the competitiveness of countries and business firms finding new ways for economic growth and prosperity. Theoretical and empirical researches highlight the importance of competitiveness in a national framework for business growth and development in the current era of globalization. The article examines how the challenges of competitiveness and innovation interrelate and how their synthesis links with economic growth. Therefore, gaining competitiveness through innovativeness, the capability to be innovative is one of the most important prerequisites for creating successful businesses, sophisticated products and production processes and raising the standards of living.

scholarly journals Education and Development: Efforts to Measure Human Well-Being

2021 ◽  
Vol 12 (6) ◽  
pp. 1311-1318
Author(s):  
Adalat Muradov, Yadulla Hasanli, Fargana Musayeva
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Global Economy ◽  
Well Being ◽  
Social Progress ◽  
New Approach ◽  
Economic Organizations ◽  
Education And Development ◽  
The Impact

It is evident from research on economic and social progress that economic growth does not always lead to social progress but, in some cases, leads to increased socio-political tension, social inequality and poverty. Even having increased production of aggregate product on background, the state of the population is deteriorating and economic growth does not provide for a fair distribution of income. A new approach to the concept of economic development began in the global economy in the late XX century. According to these approaches, economic growth cannot be considered as the main purpose and the indicator of development. In addition to economic growth, there are a number of indicators and their mutual relationship promote human development and well-being. This article examines the correlation between indicators characterizing the welfare of the population and economic growth, comparing the position of Azerbaijan in the accounts of international economic organizations on the relevant indicators. The authors did a comparative analysis with other countries, the impact of human development on people's incomes and the role of education in the wellbeing of the population.

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