DKE Part 2: Labour Market Effects

Description

ECON2540
stella.kalis
Mind Map by stella.kalis, updated more than 1 year ago
stella.kalis
Created by stella.kalis about 9 years ago
40
0

Resource summary

DKE Part 2: Labour Market Effects
  1. Globalisation & Labour Markets
    1. connectedness determines GDP growth
      1. ICTs reduce cost of production and distribution
        1. purely digital goods & services
          1. digital platforms facilitating cross-border exchange
          2. Global Knowledge Economy (GKE) offers:
            1. more entry points
              1. more diverse range of players
                1. opportunity for more people to be a part of production process
              2. Prior to 1990s: globalisation of skilled jobs - manufacturing outsourced
                1. Recently: Outsourcing knowledge services e.g. programmers, education, call centre staff etc.
                  1. BENEFITS: reduced poverty, increased wealth and opportunity
                    1. DRAWBACKS: Threatens middle-class jobs in advanced countries.
                      1. (Not a full loss - knowledge workers can now be employed worldwide)
                    2. Changing Labour Force
                      1. "knowledgification" of ordinary jobs
                        1. growth in demand for:
                          1. high skilled knowledge workers
                            1. low skilled service workers
                            2. More Flexible Work Arrangements
                              1. work less time / location dependent
                              2. more collaborative team based work
                                1. Womens opportunity and participation increased
                                  1. Self employment
                                    1. sharing economy: Uber, Airbnb, Elancer
                                    2. 2 Workplaces Emerge:
                                      1. 1) Standard "Traditional" workplace
                                        1. full time career
                                          1. government / large company
                                            1. securiy
                                              1. results focussed
                                                1. lack of flexibility
                                                2. 2) The Non-Standard Workplace
                                                  1. Part time, casual, contractor
                                                    1. less security
                                                      1. focus on innovation, building brand
                                                        1. flexible
                                                          1. lots of opportunities
                                                            1. fast growth
                                                              1. Forces of digital tech reshaped entrepreneurship & innovation
                                                          2. Entrepreneurs
                                                            1. creating business activity, commercialising ideas
                                                              1. foundation of economic growth
                                                                1. people , companies (e.g. Google, CSL, Cochlear), or Networks / Alliances
                                                                  1. use knowledge in different ways
                                                                    1. changing connective structure of the knowledge base of economy
                                                                      1. engaging in experiments
                                                                        1. want to make a difference
                                                                          1. Social Entres: Superannuation policy
                                                                          2. Need to be able to
                                                                            1. See opportunities first
                                                                              1. Sieze them
                                                                                1. Capitalise using other peoples money
                                                                              Show full summary Hide full summary

                                                                              Similar

                                                                              DKE Part 4: Evolutionary Model of Innovation
                                                                              stella.kalis
                                                                              Innovative Uses of Technology
                                                                              John Marttila
                                                                              Steve Jobs 1955-2011
                                                                              Andrea Leyden
                                                                              The Labour Market
                                                                              Alvaro Ferreira6626
                                                                              Educational Technology QUIZ 1
                                                                              Mirna Uribe
                                                                              Introduction to innovation,creativity and entrepreneurship
                                                                              ami azman
                                                                              Public Policy Approaches
                                                                              stella.kalis
                                                                              Steve Jobs 1955-2011 - created from Mind Map_1
                                                                              Andrea Leyden
                                                                              ADMINISTRACION ESTRATEGICA
                                                                              sebastian yepes
                                                                              Fostering Innovation and Excellence
                                                                              siennariehle
                                                                              Prototype
                                                                              sws