Entrepreneurship, Information Technologies, and Educational-Based Virtuous Circles in Post-Industrialized Economies

Culture, Schooling, And It

High competition among corporations in a global economy context is changing labor markets worldwide. Brand new technologies diminish time and efforts to produce and to augment efficiency patterns. In order to be correctly implemented a constant study is needed, so education is necessary to permit new knowledge to be absorbed by individuals. As a result, lack of education can increase the existing gap in our societies among well-educated workers (who can be specialized) and scarcely or not-educated ones. No capital formation finishes in creating social problems in the long term, as it is currently seen in Third World societies.

As a result, a constant up-to-date capital formation is necessary to foster higher productivity. Learning-by-doing techniques permit companies to maintain a privilege position in the sector they compete. Constant education is the key for competition as it augments profits in the long run. Higher efficiency, better educated and even over-prepared white collar workers, necessarily connected with well-paid jobs, are needed to succeed.