Category Archives: Education

Globalisation and higher education: Different degrees of success. (Offshoring, inequality, and the value of college degrees)

 This article ir republished from and in accordance with the policy of  “VoxEU.org

Dr. David Hummels
Professor of Economics at Purdue University

 

 

Dr.Rasmus Jørgensen
Postdoctoral Research Fellow at Yale University’s Department of Economics

 

 

 

Dr.Jakob R. Munch
Asian Dynamics Initiative Professor of International Economics in the Department of Economics, University of Copenhagen

 

 


Dr.Chong Xiang

Associate Professor of Economics, and Director of Graduate Studies, at Economics Department, Purdue University

 

 

With stagnating wages and lingering unemployment, income inequality is back in the headlines. Is globalisation to blame for this inequality? Is more education a solution? This column argues that focusing on university education misses important effects. It presents evidence that wage effects vary markedly among those with degrees depending on their specific skill sets, and that globalisation can often benefit workers
without degrees.

Fuelled by concerns over rising income inequality, Occupy Wall Street has grown into a global movement in slightly over 2 months, with protests i over 900 cities worldwide. Protestors have been criticised for lacking a specific set of policy demands, but in this the protestors are hardly alone.

Continue reading Globalisation and higher education: Different degrees of success. (Offshoring, inequality, and the value of college degrees)

THE GREEK ECONOMY AND THE GREEK UNIVERSITIES

Without effective higher education that includes significant R&D, it is very difficult for Greece to achieve economic development and social progress at rates that will accelerate her convergence with the other European Union partners.

The picture at Greek universities is very disappointing. Universities in Greece do not have the necessary autonomy. They hardly conduct any R%D. They have no continuous “dialogue” between universities and society. The universities produce graduates without the education / training required to work for the country’s progress. Graduates are not absorbed by the labor market while the country is losing ground in both educational level and competitiveness, holding down its growth rates and undermining convergence with the other EU countries. The universities should continuously search for the trends and requirements in society and economic life with a view to their graduates’ integration.

Progress and development should not only be measured by whether Greece has, for instance, more roads or cars than in the 1970’s, but also by its present situation in relation to other countries. Greece’s position on this comparison is not at all flattering, but what is worse is the inability of the system to adapt and keep abreast with present requirements.

Continue reading THE GREEK ECONOMY AND THE GREEK UNIVERSITIES

How to Develop a High Performing Workforce as the Economy Recovers from Recession

Stephen J. Gill– is a guest contributor.
An Independent Consultant for Human Performance

He publishes a blog at: http://ThePerformanceImprovementBlog.com.

Evidence indicates that most of the U.S. and other developed countries are starting to emerge from the worst economy since the Great Depression of the 30s. The likelihood that we will return to those conditions again in the near future depends on the financial and operational viability of companies, but also, to a great extent, on how well companies manage their employees. If executives don’t attend to the factors that determine a high performance workforce, their companies will not thrive and survive.

Some researchers estimate that as many as a third of employees will “jump ship” as soon as hiring takes off again. These employees are not content with their current situations and are just waiting for new opportunities to become available. Those who remain, feeling survivor-syndrome stress, will not be fully engaged in their work and will not perform at their best. Having lost much of their talent, with institutional wisdom walking out the door, and with a remaining workforce that lacks motivation, these companies will not be able to compete in their marketplaces. Continue reading How to Develop a High Performing Workforce as the Economy Recovers from Recession