Globalization has created a new world order for doing business. New information and communication technologies (ICTs) have dramatically changed the way we live, learn and work, and even the way we think about work. The synergy of combining globalization with new information and communication technology has led to the emergence of the new economy. The new economy has created new opportunities as well as new challenges and uncertainties. Many workers have been displaced and dislocated, while a significant number of young people are structurally unemployed or under-employed. Skills polarization between so-called mind or knowledge workers and unskilled, low-knowledge workers has widened the gap in income inequalities.
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Boutin, F., Chinien, C., Moratis, L., van Baalen, P. (2009). Overview: Changing Economic Environment and Workplace Requirements: Implications for Re-Engineering TVET for Prosperity. In: Maclean, R., Wilson, D. (eds) International Handbook of Education for the Changing World of Work. Springer, Dordrecht. https://doi.org/10.1007/978-1-4020-5281-1_5
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