THE IMPACT OF COVID-19 ON ECONOMY, EMPLOYMENT AND NEW SKILLS

Miltiadis STABOULIS; Irene LAZARIDOU

doi:10.35774/jee2021.03.409

THE IMPACT OF COVID-19 ON ECONOMY, EMPLOYMENT AND NEW SKILLS

JOURNAL OF EUROPEAN ECONOMY - No 1 (2018) ◽

10.35774/jee2020.03.409 ◽

2020 ◽

Vol 19 (Vol 19, No 3 (2020)) ◽

pp. 409-422

Author(s):

Miltiadis STABOULIS ◽

Irene LAZARIDOU

Keyword(s):

Human Capital ◽

Virtual Reality ◽

Online Education ◽

Soft Skills ◽

Professional Life ◽

Way Of Life ◽

Global Trends ◽

Digital Skills ◽

Digital Collaboration ◽

The Impact

This paper discusses the economic features of the current Covid-19 outbreak and its relation to labour markets and new skills in demand. At the same time, it focuses on how it started to expand worldwide, while reporting the ways of transmission and their effects on daily social and professional life. It is argued that focusing on skills and human capital could offer a strong foundation for building sustainable economies, as the recent months have been a suitable period to progress and advance digital skills, thus reducing digital illiteracy, while at the same time developing certain major sectors such as online education, ecommerce, telemedicine, entertainment, digital collaboration tools, virtual reality applications, etc. The author mainly focuses on the analysis of the recent global trends in many affected sectors, examines possible unemployment issues with an emphasis on the kind of new skills and soft skills in demand that are necessary for an easier transition to the new Covid-19 way of life.

Emotional Intelligence in Soft Skills: First-Class Human Domain Generating

International Journal of Engineering & Technology ◽

10.14419/ijet.v7i4.28.22380 ◽

2018 ◽

Vol 7 (4.28) ◽

pp. 1

Author(s):

Siti Sarawati Johar

Keyword(s):

Human Capital ◽

Emotional Intelligence ◽

Soft Skills ◽

Economic Status ◽

Social Economy ◽

World Order ◽

Way Of Life ◽

Developed Country ◽

Human Value ◽

Malaysian Students

The focus in this short study is to clarify the soft skills development by the emotional intelligence standpoint purposing for generate the first-class human domain (emotional, mentality and behaviour) as a human capital. Discussion on issues of human development scenario, the importance of emotional intelligence and the importance of soft skills will discuss in detail. The year 2020 is targeted by Malaysia to becoming a developed country with our own way. The exact aspiration is to develop the ideal human capital in balance with the emotional intelligence and acceptable mindset fitting the way of life from one generation to one generation. The stable country’s development in politic, economic and social field are significant to human value as mentioned in Maslow’s theories. Many of world civilizations always noted by the best achievement in the fact of physically facilities, infrastructures, level of literacy, stable economic status and political that able to influence the world order. Unfortunately, some of world society lives in absent of holistic value, inconsiderate, depression and lack of religion grasp. Historically Malaysia has been colonized by European around 446 years. Some of social, economy and political patterns influenced the Malaysians way of living. Some actions should be considered to preserve our valuable traditions, norms, culture inherited by our relatives from different demographical background. Those values supposed as the truly image of first-class human capital incorporated with the developing and generating the art of emotional intelligence in soft skills among Malaysian students.

Investigating the Impact of Interactive Immersive Virtual Reality Environments in Enhancing Task Performance in Online Engineering Design Activities

Volume 3: 17th International Conference on Advanced Vehicle Technologies; 12th International Conference on Design Education; 8th Frontiers in Biomedical Devices ◽

10.1115/detc2015-47388 ◽

2015 ◽

Cited By ~ 8

Author(s):

Ajay Karthic B. Gopinath Bharathi ◽

Conrad S. Tucker

Keyword(s):

Virtual Reality ◽

Online Education ◽

Engineering Design ◽

Task Performance ◽

Virtual Learning Environment ◽

Immersive Virtual Reality ◽

Virtual Reality System ◽

Wide Range ◽

Design Activities ◽

The Impact

The objective of this paper is to test the hypothesis that immersive virtual reality environments such as those achievable through the head-mounted displays, enhance task performance in online engineering design activities. In this paper, task performance is measured by the time to complete a given engineering activity. Over the last decade, a wide range of virtual reality applications have been developed based on non-immersive and immersive virtual reality systems for educational purposes. However, a major limitation of non-immersive virtual reality systems is the lack of an immersive experience that not only provides content to students, but also enables them to interact and learn in a completely 360 degree immersive environment. The authors of this work have developed a replica of a physical engineering laboratory in an interactive virtual learning environment. This research measures the difference in task performance between i) students exposed to an immersive virtual reality system and ii) students exposed to a non-immersive virtual reality system, in the interactive virtual environment developed by the research team. This research seeks to explore whether statistically significant differences in performance exist between these groups. Knowledge gained from testing this hypothesis will inform educators about the value and impact of immersive virtual reality technologies in enhancing online education. A case study involving 54 students in a product functional analysis task is used to test the hypothesis.

A Competence-Based Approach to Training Specialists in the Digital Society

MATEC Web of Conferences ◽

10.1051/matecconf/201815501013 ◽

2018 ◽

Vol 155 ◽

pp. 01013 ◽

Cited By ~ 1

Author(s):

Evgenia Liventsova ◽

Tatiana Rumyantseva ◽

Ekaterina Syryamkina

Keyword(s):

Labor Market ◽

Social Services ◽

Soft Skills ◽

Digital Technologies ◽

Modern Society ◽

State University ◽

Market Demand ◽

Global Trends ◽

Digital Society ◽

Digital Skills

The article analyzes the influence of digital technologies on transformation of the labor market in social services. Modern professions require workers with advanced digital skills as well as technical and engineering specialists with advanced soft skills. The article analyzes official documents and global trends in the future labor market and presents the experience of National Research Tomsk State University (TSU) in developing transprofessional skills of students in different specialties. The authors conclude that modern society and the labor market demand new forms and methods of education aimed to develop interdisciplinary competence.

The Development of Digital Transformation and Relevant Competencies for Employees in the Context of the Impact of the COVID-19 Pandemic in Latvia

Sustainability ◽

10.3390/su13169233 ◽

2021 ◽

Vol 13 (16) ◽

pp. 9233

Author(s):

Veronika Bikse ◽

Inese Lusena-Ezera ◽

Peteris Rivza ◽

Baiba Rivza

Keyword(s):

Human Capital ◽

Research Study ◽

Early Stage ◽

Holistic Approach ◽

Digital Transformation ◽

Survey Method ◽

Theoretical Concepts ◽

Current Period ◽

Digital Skills ◽

The Impact

The current period describes the impact of the global COVID-19 pandemic and the ensuing economic crisis on businesses and the lives of citizens. It has accelerated digital transformation in all areas. The work and learning of many individuals have moved to the digital environment. In order to use digital technologies, employees need to acquire new knowledge and skills. The aim of this research study is to perform an analysis of the development of digital transformation and relevant competencies for employees and to identify the opportunities and challenges in Latvia. The research methodology applied for this research study is based on examining relevant theoretical concepts and publications of the EU regarding digital transformation. A survey method was used to find out the opinions of Latvian employers regarding the importance of digital transformation and relevant competencies for employees. The analysis of the research indicated that the majority of the respondents surveyed rated the level of implementation of digital transformation as high or medium-high, which shows that this is a good trend, and the digitalization process continues to progress. However, about a third of enterprises are only at the early stage of digitalization, while some have not yet begun it. The problem is the development of human capital competencies and digital skills. This is a specific research study that expands and provides insights into the situation in Latvia on the possibilities of implementation of digital transformation, which is closely linked with the development of human capital competencies and digital skills. This requires maintaining a holistic approach to targeted digital transformation management.

INTEGRATING ONLINE TEACHING ENGLISH AS A FOREIGN LANGUAGE

SOCIETY INTEGRATION EDUCATION Proceedings of the International Scientific Conference ◽

10.17770/sie2021vol5.6241 ◽

2021 ◽

Vol 5 ◽

pp. 340-350

Author(s):

Natalia Ivanova

Keyword(s):

Online Education ◽

Foreign Language ◽

Language Learners ◽

Online Teaching ◽

Soft Skills ◽

Language Skills ◽

Assessment Procedure ◽

Foreign Language Learners ◽

The Impact ◽

Foreign Language Skills

Online education/e-learning has been increasingly adopted globally as it has served as the only tool accessible for teachers and students to maintain undisrupted learning during the coronavirus outbreak. The relevance of the article is determined by the need to define effective ways to implement online education in foreign language classes to produce a positive effect on the learning outcome. The purpose of the article is to present ways of providing English-as-a-foreign-language learners with an online course designed in the learning management system Moodle and aimed at enhancing students' foreign language skills. The work uses a logical method (theoretical), the study of the experience of educational organizations and personal pedagogical experience at Pskov Branch of the Academy of Federal Penal Service of Russia (empirical). The study described the diversity of Moodle structure particular tasks, its assessment procedure and present military students’ feedback about the impact of the course on their foreign language acquisition, developing learners' autonomy and soft skills. It explored what problems English-as-a-foreign-language learners had with their English language learning and what support they needed to gain the maximum benefits from the online learning environment. The outcome of the online education was a substantial increase in the learners' autonomy and an integrative development of foreign language skills and soft skills.

The impact of investment in human capital on economic growth in Iraq

10.33329/jaus.19.263.33 ◽

2019 ◽

Vol 263 (1) ◽

pp. 331-337

Keyword(s):

Economic Growth ◽

Human Capital ◽

The Impact

Invention of Judaism

10.1525/california/9780520294110.001.0001 ◽

2017 ◽

Cited By ~ 5

Author(s):

John J. Collins

Keyword(s):

Way Of Life ◽

The Impact ◽

The Way

Judaism is often understood as the way of life defined by the Torah of Moses, but it was not always so. This book identifies key moments in the rise of the Torah, beginning with the formation of Deuteronomy, advancing through the reform of Ezra, the impact of the suppression of the Torah by Antiochus Epiphanes and the consequent Maccabean revolt, and the rise of Jewish sectarianism. It also discusses variant forms of Judaism, some of which are not Torah-centered and others which construe the Torah through the lenses of Hellenistic culture or through higher, apocalyptic, revelation. It concludes with the critique of the Torah in the writings of Paul.

Transformation of education as a metatrend of the digital economy

National Interests Priorities and Security ◽

10.24891/ni.16.10.1960 ◽

2020 ◽

Vol 16 (10) ◽

pp. 1960-1979

Author(s):

N.A. Egina ◽

E.S. Zemskova

Keyword(s):

Human Capital ◽

Social Transformation ◽

Network Effects ◽

Digital Economy ◽

Network Education ◽

Economic Progress ◽

Positive Externalities ◽

Communication Processes ◽

Education Network ◽

The Impact

Subject. The study focuses on the impact of the digital economy determinants of the education transformation. Objectives. The article provides our own approach treating the education capital as a specific asset of the digital economy, which has an acceleration effect and sets up new trends in education through integrative networks. Methods. The study is based on principles of the systems integration, cross-disciplinary and multidisciplinary approaches. Results. The socio-economic progress was found to be determined with properties of human capital, which are solely specific to the digital economy. In new circumstances, it gets more important for actors of global, national, corporate and social networks to more actively cooperate within distributed networks in order to train high professionals, who would have skills in information networks. Thus, they would raise a new form of human capital – the capital of network education (network-based education capital). We describe positive externalities that arise when the educational sector joins communication processes. We illustrate how educational forms evolves, which are typical of a certain phase of the socio-economic development. The education capital was discovered to grow into a specific asset generating the quasi-rent and working as a social ladder only provided more actors are involved into the network. Conclusions and Relevance. Studying the evolution of educational forms through the cross-disciplinary method, we discovered the need for a system approach, which would help substantiate its transformation in the time of the digital economy, and the emergence of network-based education. These are technologies and tools of the digital economy that become unique factors generating the acceleration effect of the educational capital and ensuring the use of diverse network effects for the formation of intellectual capital and their social transformation.

The impact of applying the Common Customs Tariff on the armenian export of Cut and Polished Gems to Russia

Economics and Management ◽

10.35854/1998-1627-2019-11-33-41 ◽

2019 ◽

pp. 33-41

Author(s):

V. L. Harutyunyan ◽

S. V. Dokholyan ◽

A. R. Makaryan

Keyword(s):

Manufacturing Sector ◽

Practical Implication ◽

Dominant Role ◽

New Technology ◽

Manufacturing Companies ◽

Medium Term ◽

Diamond Cutting ◽

Global Trends ◽

The Common ◽

The Impact

The presented study discusses the issues of applying the Common Customs Tariff (CCT) rates of the Eurasian Economic Union (EAEU) on rough diamonds and the impact thereof on the exports of stones cut and polished inArmeniaand then exported toRussia.Aim. The study aims to identify the possible strategies Armenian diamond cutting and polishing companies could adopt as a response to the application of the CCT rates on rough diamonds and how it would affect exports to various destinations, namely to Russia.Tasks. The authors analyze the current state of the gems and jewelry sector and substantiate the need to either integrate it into the jewelry manufacturing sector or to apply various strategies to facilitate exports to either Russia or other destinations in the medium term in response to the application of the CCT rates.Methods. This study uses general scientific methods of cognition, including analytical and methodological approaches and elements of forecasting. Possible strategies the Armenian diamond cutting and polishing companies could adopt in the medium term in response to the application of the EAEU CCT rates are determined using the analytical research method, forecasts in the context of the developments in the Armenian gem processing and jewelry market and global trends, statistical data on the imports and exports of cut and polished gems and jewelry for 2014–2018 published by the UN Comtrade Statistics.Results. Statistics on the exports of processed diamonds from 2014 to 2018 highlights the issue associated with the loss of competitiveness suffered by Armenian companies (mainly in comparison with Indian diamond cutters). The major global trends in the diamond cutting and polishing business indicate that it could be virtually impossible for Armenian cutters and polishers to compete with Indian companies in the medium term if they do not comes to investing in new technology to achieve operational efficiency. For these companies, it is important not to lose the Russian market due to an increase in the tariff rate and concentrate on the processing of gems that are larger than 1 carat. Another strategy to avoid an increase in the customs tariff rates would depend on the Armenian government’s ability to negotiate with Russia in respect of direct imports of diamond stones from Russian manufactures. Two other options for Armenian cutters involve focusing on cutting and polishing of rubies, sapphires, emeralds, etc. or integrating into the jewelry sector either by being the primary supplier or by considering this business as a channel to sell processed diamond stones by setting up their own jewelry manufacturing companies.Conclusions. With CCT going into effect in January 2021 and India’s dominant role in the diamond cutting and polishing business, Armenia needs to carefully consider all of the strategies the Armenian companies could adopt, as discussed above. As a member state of the EAEU, Armenia freely exports to Russia, however, further exports to Russia would depend on Armenia’s ability to ensure that cost-effective operations are in place, or to concentrate on the processing of precious gems rather than diamonds, or to switch to the manufacturing of jewelry items as a major export item.Practical Implication. The findings of this study could be of interest to the Ministry of Economy of the Republic of Armenia and Business Armenia that could be used in elaborating the strategy for the development of Armenian gems and jewelry sector of the economy.