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Eventually, innovation and more skilled workforces will result in higher productivity.
In a paper written with Matthew Resseger, also of Harvard, Mr Glaeser finds a strong relationship between city size and productivity per worker, but only in places with highly skilled workforces.
While Asia's main sources of natural gas and crude oil lie in the Persian Gulf region, western Siberia and Central Asia, China, Malaysia, and Indonesia, the continent's petrochemical industry is more widely distributed, with especially heavy concentrations in countries with skilled workforces and strong domestic demand for petrochemical products.
Industrial nations can at best give a developing country a shallow surface insight into their know-how, and even then only in the context of foreign investment deals in which developed countries that host foreign direct investment inflows skilfully negotiate and secure such agreements, and have skilled workforces to absorb and expand on such prowess.
In these buildings, bottles, caps, corks, labels, cartons, boxes, and whisky, are brought together by skilled workforces.
As a direct result of this trend, jobs for the future is one of the big areas of focus, and we have been doing a lot of work looking at what the emergence of Asia as a series of skilled workforces connected to the rest of the global economy means for the developed world especially Europe, but also for the U.S.
Similar(51)
It risks derailing vocational skills training for our young people and leaving the country without a skilled workforce that's able to compete on an international stage.
Effects of forming skilled workforce are examined and an analysis of improvement in the level of skills in actual examples is presented.
We must have a skilled workforce so that we can retain and grow jobs requiring 21st century skills rather than forcing employers to find skilled workers abroad.
Pfizer staff represent a highly educated and skilled workforce.
There were social consequences of a skilled workforce leaving".
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CEO of Professional Science Editing for Scientists @ prosciediting.com