Saturday, 19 October 2019: 4:30 PM
In the last decades, the labour market has undergone a transformation both in the management of human resources and in the requirements of society and firms, searching for workers profiles able to adapt to the technological advances. This new mentality implies the training and updating of the firms' human resources. From this perspective, human capital plays a prominent role when explaining technological progress and its impact on labour productivity.
In the so-called Digital Era, social training can be achieved more quickly thanks to the use of new technologies (NTs) in education. With the NTs, training is facilitated through online learning courses and remote-controlled assistance techniques. On the other hand, the use of the NTs has not only changed the methods of production and international trade; but, in addition, the use of social networks has transformed socioeconomic relations. The NTs also help to develop our work and, at the same time, allow us to perform other tasks.
Recent technological advances have modified productive activities and the generation of added value, as well as the distribution of income among factors. This important increase in productivity has happened in a context where investment in Information and Communication Technologies (ICT) has been very high. The rapid advances in ICT are leading to a new revolution, of knowledge and technology, which has been called "the fourth revolution". In this context, human capital is decisive within the workforce; and digital capabilities drive both the competitiveness of organizations and the capacity for innovation. As a consequence, educational systems are facing new challenges for training the generation of so-called "millennials" and subsequent generations, who were born immersed in the NTs.
To illustrate the above and given the importance that the use of NTs has acquired at a socioeconomic level in the current context, this paper carries out a review of the main implications of NTs in the field of education and economic development.
Education proves to be a key factor favouring labour productivity, leading to higher levels of competitiveness and economic development. Aimed to show the extent to which the educational level and the intensive use of NTs can contribute to economic growth, we will use regression analysis using data from the Eurozone member states, taken from Eurostat. The results reveal that employment in high technology intensive sectors, requiring a high qualification level, have contributed significantly to economic growth in the last decade.
In the so-called Digital Era, social training can be achieved more quickly thanks to the use of new technologies (NTs) in education. With the NTs, training is facilitated through online learning courses and remote-controlled assistance techniques. On the other hand, the use of the NTs has not only changed the methods of production and international trade; but, in addition, the use of social networks has transformed socioeconomic relations. The NTs also help to develop our work and, at the same time, allow us to perform other tasks.
Recent technological advances have modified productive activities and the generation of added value, as well as the distribution of income among factors. This important increase in productivity has happened in a context where investment in Information and Communication Technologies (ICT) has been very high. The rapid advances in ICT are leading to a new revolution, of knowledge and technology, which has been called "the fourth revolution". In this context, human capital is decisive within the workforce; and digital capabilities drive both the competitiveness of organizations and the capacity for innovation. As a consequence, educational systems are facing new challenges for training the generation of so-called "millennials" and subsequent generations, who were born immersed in the NTs.
To illustrate the above and given the importance that the use of NTs has acquired at a socioeconomic level in the current context, this paper carries out a review of the main implications of NTs in the field of education and economic development.
Education proves to be a key factor favouring labour productivity, leading to higher levels of competitiveness and economic development. Aimed to show the extent to which the educational level and the intensive use of NTs can contribute to economic growth, we will use regression analysis using data from the Eurozone member states, taken from Eurostat. The results reveal that employment in high technology intensive sectors, requiring a high qualification level, have contributed significantly to economic growth in the last decade.