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People as a Key Resource of the Global Economy

Author

Listed:
  • Antun Sundalic

    (Faculty of Economics in Osijek)

Abstract

In 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.

Suggested Citation

  • Antun Sundalic, 2008. "People as a Key Resource of the Global Economy," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 4, pages 84-92, May.
  • Handle: RePEc:osi:journl:v:4:y:2008:p:84-92
    as

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    References listed on IDEAS

    as
    1. Michael Porter, 2003. "The Economic Performance of Regions," Regional Studies, Taylor & Francis Journals, vol. 37(6-7), pages 549-578.
    2. Gillian Bristow, 2005. "Everyone's a 'winner': problematising the discourse of regional competitiveness," Journal of Economic Geography, Oxford University Press, vol. 5(3), pages 285-304, June.
    3. Ivan Turok, 2004. "Cities, Regions and Competitiveness," Regional Studies, Taylor & Francis Journals, vol. 38(9), pages 1069-1083.
    4. Camagni, Roberto, 2002. "On the concept of territorial competitiveness: sound or misleading?," ERSA conference papers ersa02p518, European Regional Science Association.
    5. Michael Kitson & Ron Martin & Peter Tyler, 2004. "Regional Competitiveness: An Elusive yet Key Concept?," Regional Studies, Taylor & Francis Journals, vol. 38(9), pages 991-999.
    6. Ron Boschma, 2004. "Competitiveness of Regions from an Evolutionary Perspective," Regional Studies, Taylor & Francis Journals, vol. 38(9), pages 1001-1014.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    competitive advantage; human resource; knowledge; new middle class; network.;

    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, Innovation, Technological Change, and Growth - - Economic Development

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