People as a Key Resource of the Global Economy
AbstractIn this paper the author discusses the issue of treating people as a resource in the conditions of global capitalism. The new era, marked by fast changes and technology development, has ranked people as the most important factor in achieving competitiveness. What differentiates people as a resource from other resources is primarily their knowledge and capability to initiate changes through innovation. Technology requires knowledge workers who are growing in numbers and represent a particular class. This new middle class, as knowledge owner and distributor, has become the driver of capitalism of the new era. In spite of the growing importance of knowledge and innovation, people as a resource remain subjected to market interests and, ultimately, profits. Networks as relations of cooperation and belonging are only one of the answers to this situation and an attempt to alter it.
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Bibliographic InfoArticle provided by Faculty of Economics in Osijek, Croatia in its journal Interdisciplinary Management Research.
Volume (Year): 4 (2008)
Issue (Month): (May)
competitive advantage; human resource; knowledge; new middle class; network.;
Find related papers by JEL classification:
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
- J2 - Labor and Demographic Economics - - Demand and Supply of Labor
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
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