As the outlook for the global economy worsens, Turkey, with a relatively high-cost but low-skilled workforce, will be especially exposed.
Our analysis of high-skilled workers suggests that the impact on wage growth of employer supported course training differ substantively from that of the low-skilled workforce.
This means young people are chronically under-educated and then join a low-skilled workforce of less commercial value to businesses, in a competitive global economy where higher skills are required.
Nonetheless, the contribution of immigrants to the total demand for low-skilled labor, although being important, remains reduced if compared to the overall low-skilled workforce employed by firms.
Indian politicians pushed industrialization, but focusing on capital and skill-intensive industries, acting "against its comparative advantage," explained HDFC Bank, since "India's comparative advantage lay in an abundance of relatively low-skilled workforce".
There is some evidence that immigrant concentration is negatively correlated with productivity in industries that had a relatively low-skill workforce prior to the migration wave, and is positively correlated with productivity in industries with a high skilled workforce.
"This is a month on now and we've been very clear with the Chinese that the core investing fundamentals – skilled workforce, low tax, rule of law – all apply still.
They attracted billions from foreign car manufacturers, drawn by a skilled workforce, low taxes and decent roads in the heart of high-cost Europe.Countries that relied chiefly on foreign direct investment are the least vulnerable now.
A number of leading multinationals including UBS, Google, Siemens, General Electric, and most recently UniCredito have set up shop in Poland, attracted by low wages, a highly skilled workforce, and the investment guarantees that come with European Union membership.
As a small, globalised country with a flexible labour market, a skilled workforce and low taxes, all features that predate the bail-out, Ireland was well placed to respond to higher demand abroad.
With low unemployment and a highly skilled workforce, it comes as no surprise that the country's gross domestic product (GDP) grew 0.20% in the fourth quarter of 2012.
