Imagining the Knowledge-Based Economy: Soon-to-be Labour Force Entrants Predict the Future of Work

Author(s):  
Roma Harris ◽  
Margaret Ann Wilkinson
2014 ◽  
Vol 58 (1) ◽  
pp. 13-26
Author(s):  
Predrag Bejaković

Employability and labour force competitiveness are important parts of an economy’s overall competitiveness. The key role of knowledge as a structural part of the competence in stimulating economic growth has been widely recognised by economists and other scientists. In modern societies, the acceptance and development of knowledge, skills and ideas have a crucial role in the creation of wealth. The key determinant of a knowledge-based economy is human capital, or more precisely its knowledge, competence and ability. In many modern employment strategies there has been great emphasis on worker employability. The general idea of employability is not new, although only in recent times efforts have been made to define it clearly as policy has shifted emphatically towards supply side issues. Employability can be defined as the extent to which employees have skills, which the market and employers regard as attractive and is of increasing importance for the economic sector. The aim of this research is to provide an overview of the relationship between education, employability and labour force competitiveness in Croatia. Key words: competitiveness, Croatia, educational system, employability, knowledge-based society, labour force.


Author(s):  
Mariana Bălan

Abstract Even if the issue of youths’ inclusion in the labour market was always an important item on political agendas, during the last two decades this issue had particular relevance. In the last years, unemployment for this age group had unprecedented amplitude, reaching 20.6% in Romania in 2016. Modern societies provide for youths opportunities, still they are faced with major challenges related to the education and training and access to the labour force market. During the last decades, the world economy shifted in a continuous process from development based on traditional factors to the knowledge-based economy. The development of the knowledge-based economy leads to changes in labour force demand also: new skills and competences are required. As new technologies are implemented, the demand for high-skilled workers increases, especially for high-skilled ones in the field of Information and Communication (IC), and the demand for low-skilled workers decreases. The paper presents a brief characterisation of the labour force market at the level of Romania‘s regions of development and an analysis of the particularities of the youths’ labour market in the context of sustainable development and of the new economy as well as some advantages of using young labour force for sustainable development.


Author(s):  
John S. Edwards

Knowledge has been a subject of interest and inquiry for thousands of years since at least the time of the ancient Greeks, and no doubt even before that. “What is knowledge” continues to be an important topic of discussion in philosophy. More recently, interest in managing knowledge has grown in step with the perception that increasingly we live in a knowledge-based economy. Drucker (1969) is usually credited as being the first to popularize the knowledge-based economy concept by linking the importance of knowledge with rapid technological change in Drucker (1969). Karl Wiig coined the term knowledge management (hereafter KM) for a NATO seminar in 1986, and its popularity took off following the publication of Nonaka and Takeuchi’s book “The Knowledge Creating Company” (Nonaka & Takeuchi, 1995). Knowledge creation is in fact just one of many activities involved in KM. Others include sharing, retaining, refining, and using knowledge. There are many such lists of activities (Holsapple & Joshi, 2000; Probst, Raub, & Romhardt, 1999; Skyrme, 1999; Wiig, De Hoog, & Van der Spek, 1997). Both academic and practical interest in KM has continued to increase throughout the last decade. In this article, first the different types of knowledge are outlined, then comes a discussion of various routes by which knowledge management can be implemented, advocating a process-based route. An explanation follows of how people, processes, and technology need to fit together for effective KM, and some examples of this route in use are given. Finally, there is a look towards the future.


2021 ◽  
Author(s):  
Creig Lamb ◽  
Sarah Doyle

There are a number of major trends that have the potential to shape the future of work, from climate change and resource scarcity to demographic shifts resulting from an aging population and immigration. This report focuses on the need to prepare Canada’s youth for a future where a great number of jobs will be rapidly created, altered or made obsolete by technology. Successive waves of technological advancements have rocked global economies for centuries, reconfiguring the labour force and giving rise to new economic opportunities with each wave. Modern advances, including artificial intelligence and robotics, once again have the potential to transform the economy, perhaps more rapidly and more dramatically than ever before. As past pillars of Canada’s economic growth become less reliable, harnessing technology and innovation will become increasingly important in driving productivity and growth.


2010 ◽  
Vol 13 (1-2) ◽  
pp. 65-77
Author(s):  
Lucyna Lewandowska

The article discusses the attributes of innovation in the context of creating a knowledge-based economy and presents the alternative stock market NewConnect where the small and medium-sized firms may seek funds to finance their innovative projects. NewConnect's functions and goals are shown with respect to capital circulation, stock market training, education and promotion of SMEs aspiring to enter the Warsaw Stock Exchange in the future, as well as the expansion of the financial infrastructure in Poland and the EU.


Equilibrium ◽  
2013 ◽  
Vol 8 (3) ◽  
pp. 49-61
Author(s):  
Magdalena Bielawska ◽  
Francisco J. Calderon Vazquez

The current economic crisis and the building-based economy collapse make the innovation approach and the change to knowledge-based economy fundamental to trace the future growth and development. This paper revises the R&D policy in Spain and Andalusia in the last 10 years with the evolution of the main indicators during the period 2001-2011.


Author(s):  
Kostas Ergazakis ◽  
Kostas Metaxiotis ◽  
Emmanouil Ergazakis ◽  
John Psarras

2021 ◽  
Author(s):  
Creig Lamb ◽  
Sarah Doyle

There are a number of major trends that have the potential to shape the future of work, from climate change and resource scarcity to demographic shifts resulting from an aging population and immigration. This report focuses on the need to prepare Canada’s youth for a future where a great number of jobs will be rapidly created, altered or made obsolete by technology. Successive waves of technological advancements have rocked global economies for centuries, reconfiguring the labour force and giving rise to new economic opportunities with each wave. Modern advances, including artificial intelligence and robotics, once again have the potential to transform the economy, perhaps more rapidly and more dramatically than ever before. As past pillars of Canada’s economic growth become less reliable, harnessing technology and innovation will become increasingly important in driving productivity and growth.


2021 ◽  
Vol 15 (3) ◽  
pp. 427-442
Author(s):  
Balwant Singh Mehta ◽  
Ishwar Awasthi ◽  
Nidhi Mehta

The article explores women’s employment and the future of work due to the changing nature of jobs as a result of the onslaught of new technologies. Adoption of new digital technologies, industry 4.0 technologies and the increasing influence of platform or gig economy has had intense effects on the ‘future of work’, causing dramatic changes. Further, COVID-19 has severely impacted the economy, especially women, reflected in the consistent fall in female labour force participation across states. The unemployment rate (UR) is significantly higher among urban women. A large proportion of woman workers are vulnerable from automation because of their low-skill and the unskilled and routine nature of their work. The risk of automation is much higher in the case of women working in manufacturing and modern services. Women in India are engaged largely in traditional jobs with low level of education and skill, and having limited or negligible social security, particularly in the unorganised sector. The article is based on the secondary data provided by the National Sample Survey Organisation (NSSO) and uses the International Labour Organization (ILO) skill framework. The analysis clearly shows that skill sets among women is abysmally low. Noticeably, enhancing skill development as per the emerging market demand, including digital literacy, will go a long way to expand job opportunities for women.


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