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Essay / Research Paper Abstract
A 17 page paper. It is generally accepted that global competitiveness is dependent upon the skills and knowledge of the workforce. Rapid changes in technology and in the marketplace means that companies need to have a workforce that is well skilled in order to keep up with these changes, thus, some countries have adopted a high skills route to economic success. The paper addresses the question of whether a high skills route is the most appropriate route for all countries or is a low skills route appropriate for some. The writer reports other factors besides skill level that influence the economic success of countries and companies. Countries mentioned include the U.S., the U.K., Singapore, Japan and Hong Kong. Bibliography lists 8 sources.
Page Count:
17 pages (~225 words per page)
File: MM12_PGhisk.rtf
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Unformatted sample text from the term paper:
the workforce (Brown, 2001). Rapid changes in technology and in the marketplace means that companies need to have a workforce that is well skilled in order to keep up with
these changes (Ashton and Green, 1996). Employees need to be trained for the types of jobs that exist in the company (Ashton and Green, 1996). Based on these facts, conventional
wisdom would suggest that the higher the skills level of employees, the more successful companies will be and the higher the national economy will be (Ashton and Green, 1996; t
Magazine, 1998). The assumption is that an individual who has more training will have a higher salary and a company that trains its employees will have a more productive workforce
and greater profits (Ashton and Green, 1996). The governments of the United States and the United Kingdom, both of which are identified as liberal market economies, announced that the
way to success was to increase the level of training and education of the workforce (Brown, 2001). The US Summit Report said that the road to success in the global
market was high skills and high wages while Tony Blair said the future of Britain was dependent upon liberating people from low wages and low expectations (Brown, 2001). These views
are premised on human capital assumptions that there is an evolutionary process of technological progression from low skill to high skill economies (Brown, 2001). The focus of some nations then
became to increase the numbers of high skilled persons (Brown, 2001). The premise that competitiveness in the global economy can be enhanced by increasing knowledge and skills of workers has
become the that enhancing knowledge and skills is the major thrust for national vocational education and training policies in the UK (t Magazine, 1998). Is conventional wisdom valid?
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