Skills are not enough: the globalisation of knowledge and the future UK economy

Skills are not enough: the globalisation of knowledge and the future UK economy
Document type
Report
Author(s)
Brown, Philip; Ashton, David; Lauder, Hugh
Publisher
UKCES
Date of publication
10 March 2010
Subject(s)
People management: all aspects of managing people
Collection
Business and management
Material type
Reports

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This paper highlights the key trends that are re-shaping economic competition and the global division of labour. It argues that an increased supply of skills is not enough on its own to secure the UK’s position at the high value end of
production or to sustain its competitive advantage. How important is knowledge intensive activity and productivity to what happens after skills acquisition takes place? Will the way companies use and manage their workforce, and the kind of
working practices they adopt, be a decisive factor for their competitiveness?This paper highlights the key trends that are re-shaping economic competition and the global division of labour. It argues that an increased supply of skills is not
enough on its own to secure the UK’s position at the high value end of production or to sustain its competitive advantage. How important is knowledge intensive activity and productivity to what happens after skills acquisition takes
place? Will the way companies use and manage their workforce, and the kind of working practices they adopt, be a decisive factor for their competitiveness?

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