Technology and globalization go hand-in-hand. Globalization unleashes technology, which in turn drives firms to plan production and sales on a global basis. Technology changes the work we do and in nearly all cases, the jobs created by it demand more education and training. It also changes the way business operates by transforming relationships between suppliers, producers, retailers and customers
Survival in the new global business market calls for improved productivity and increased competition. Indeed, firms that have upgraded their products, used technology skillfully and sought niche markets have not only survived, but prospered. However, the down side of increased productivity is the elimination of many jobs in manufacturing, transportation and other high-paying industries.
Just as globalization presents both challenges and opportunities, so too does technology. Ever since the beginning of the first industrial revolution in the 18th century, the introduction of new technologies has meant both the transfer of jobs from one sector to another (from agricultural labour to the production of farming equipment, for example) and the ultimate creation of more jobs throughout society.
Continuing into recent times, companies that make greater use of technology create the most jobs. The more intense the use of technology, the greater the job creation over time. And while many of the jobs created by new technology are frequently not accessible to the people who have been displaced, it is important to remember that job creation by companies that make greater use of technology is not limited to just scientific or technical jobs
Sunday, April 22, 2007
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