Job Creation, Internationalisation, Globalisation, and Disintermediation

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• ghanaman 8 years ago

  Kwesi,
  
  You have been able to come out with an interesting peace, written after several critical observations. Although there a couple of corrections from which your analysis could benefit, the objective here is not to com ...
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  Kwesi,
  
  You have been able to come out with an interesting peace, written after several critical observations. Although there a couple of corrections from which your analysis could benefit, the objective here is not to come out with another paper. A few points, though:
  
  Today's enterprises do not set out to eliminate jobs, etc. They seek to maximize shareholder value (as you realized in alluding to profit) or put differently, wealth for their shareholders. The means to realizing that goal include the phenomena you enumerated: outsourcing, automation, etc.
  
  Agents on the job market must either seek to acquire the skills, capabilities and competencies needed to land today's jobs or accept to drop out of the job market, a painful truth.
  
  Your advice to today's youth is in line with the immediate preceding point.
  
  Must that be left to individuals or nation-states should devise and implement national plans, policies and programs that provide a conducive environment for the achievement of the goal of maximum employment of the potential labor force? Our own NDPC (National Development Planning Commission) says it has studied bold initiatives of nations such as India and South Korea. Though Singapore is mysteriously missing, that nation offers an example of how to build a nation purely on human resource optimization.
  
  Not to be forgotten is the fact that economic development goes through cycles of decline growth. If the right innovations are employed to create new enterprises and the right training is given to participants on the job market capable of benefiting from such training, the outcomes could be indicative of growth. Bad policies and maladministration on the other hand lead to further decline and eventually depression, if the negative factors intensify.
  
  Good start.
  
  ghanaman

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