Got a tricky question? Receive an answer from students like you! Try us!

The Role of Human Capital in the New Global Economy - Essay Example

Only on StudentShare
Ph.D.
Author : kkshlerin
Essay
Marketing
Pages 5 (1255 words)

Summary

The role of human capital in the new global economy Table of Contents Introduction 3 The role of human capital in the new global economy 3 Conclusion 6 Reference 8 Introduction Since the last twenty years, both the European and the American labour markets have confronted with serious problems…

Extract of sample
The Role of Human Capital in the New Global Economy

It is seen that human capital plays a major role in the labour market developments in nations. This emphasizes on the role of labour market institutions across the world. The idea is to remove the possibilities of skill shortage or skill crisis which forms one of the most critical components of a productive economy (Davis & Reeve, “Human capital and the global economy”). The role of human capital in the new global economy It is seen that with the growth of the population towards their age of retirement, nations tend to face a shortage of labour. The economy faces a labour shortage crisis which fails to meet the desired level of skill requirement of the society and economy on the whole. Thus it is crucial that nations maintain a certain amount of skill within the economy which meets its output and productivity requirement. In other words nations need to maintain a balance in their labour markets (Turner, “Executive Summary”). Technological advancement has also played a significant role in the increasing competitiveness of nations. Moreover it forms a primary component behind the competitiveness and competitive advantage of nations in the international market. ...
Download paper

Related Essays

The Impact of New Media on CRM-Systems
The intention of this study is growing a business as a practice that business owners, employers and managers do not have an option to. Once businesses are established, they must be taken trough the tough task of nurturing them to grow. Business growth and development has however become even more challenging in the face of global economic meltdowns. The prevailing economic crisis has resulted in massive competition among businesses of all sizes to survive the tension and pressure. It is not surprising therefore that a lot more companies – even bigger corporations are closing down. Some of the…
41 pages (10291 words)
Marketing of Petro-Chemicals in a Global Economy
Food and water supply, transport, and mobility services require energy input. Fossil fuels are predominant in our current energy system, providing low-cost and reliable energy services. Renewable resources are used as well, especially hydropower and wind power, but also biomass resources in developing countries.” Consequently, the U.S. Department of Energy stated that a major percentage of its oil use is benefitted by the industrialized world. The petrochemical product needs are expected to occur in the transportation sector. The transportation sector has few economically competitive…
20 pages (5020 words)
Consumers' Perceptions of Global and Local Brands in Developing Countries within Consumers' Goods Industry
Global brands reach in developing countries 23 2.10. Consumer goods global brands familiarity with local consumers 25 2.11. Leading global FMCGS in the developing countries 27 2.12. Consumers’ Perception of global brands in developing countries against local brands 27 2.13. Factors influence the purchasing behaviour of consumers 29 2.14. Summary 32 Chapter 3 33 3.0. METHODOLOGIES 33 3.1. Introduction: 33 3.2. Research Overview: 33 3.3. Research Philosophy: 34 3.4. Critical Approach: 35 3.5. Research Methods: 35 3.6. Research Strategy: 36 3.7. Research Design: 36 3.8. Data Collection Method:…
60 pages (15060 words)
Marketing Management in a Global Economy
When dealing with place, the company needs to ask where the buyer will search for the product, how the client will access the correct distribution channels, if they need to use a sales force, and what the competitors do that an individual can learn. For the pricing section of the marketing mix, the company requires to determine what the product’s value is to the client. Whether there is an established price point for services or products in the area, whether the client price is sensitive enough to give one an extra market share with a small price decrease, and how the company’s price…
5 pages (1255 words)
Global Marketing: Hardee's Situation and Opportunity Analysis Report for New Australian Fast Food Market
This essay stresses that the company has the opportunity to comprehend its opportunities in Australia. This is because of its innovativeness that helps in enhancing the differentiation of the products. The company has successfully used the innovative strategies when entering other markets that have contributed to its success. It addition, the company has enough resources, which will enable it to meet the customer’s satisfaction in the new market. One of its vital resources includes their human resources that contribute to increasing its competitiveness. The company’s managers have strong…
6 pages (1506 words)
What Women Want: The Global Marketplace Turns Female-Friendly
Gender is the sociological adaption of both sexes in humans (Brown, 2004). Gender gives a sociological base to men and women by assuring specific functions are assigned clearly to a variety of people. In the past, from a marketing perspective, men developed the legal tender and purchasing power while women did the actual purchasing (Ayass, 2009). Currently, the marketing trend has changed, creating a struggle for purchasing power between men and women. In the recent past, phrases like “traditional role of men” and “traditional role of women” were common. The phrases indicated certain…
20 pages (5020 words)
Challenges in developing new Products in a Global Economy
Another major challenge is to anticipate the changing needs of consumers as this is essential for the success of any product launch (Chen, 2011). Consumer needs in a global market are changing rapidly and this is why it is difficult to keep up in a rapidly changing market. Because of this positioning of the product in the market becomes important. The launch of Apple’s I Pad is a very good example of how difficult it is to launch and market a product in a global marketplace. There are some many things happening in the world that it is difficult to garner the attention of the customers and…
5 pages (1255 words)