Order Now
Menu
  Back to all posts Economics Essays

Will a New Economy Lead to New Attitudes?

by Expert Prof J.F | 09 Jun 2017

Introduction

The emergence of the new economy in has led to a shift from old production economy to a new economy that is based on acquisition of necessary skills and knowledge. This has resulted in change of attitude among all players of the new economy. Major focus has shifted from provision of un-skilled labor to provision of skilled labor based on scientific and technological knowledge.

Need essay sample on

"Will a New Economy Lead to New Attitudes?" topic?

We will write a custom essay sample specifically for you

Proceed

Positive change in attitude

These positive changes are in line with the demands and concerns of the new economy. The new economy has brought about a change in the organizational models which has put more emphasis on teamwork. The decision making in the firms in the new economy is not vested on one person rather than in multilevel and consultative approach (Shalla, 2009).

People will embrace information technology as the driver of the development. New economy requires high levels of education. This is as a result of emergence of skilled jobs and a certain level of education. This will lead to people embracing education as the demand for knowledgeable workers continues to rise. To meet a good transition between schools and work, learning institutions will shift their focus to the demands of labor markets and structure their programs to suit these requirements (A Fact Sheet, 2000). The importance given to education will surpass the overall cost in the technology oriented companies.

Industries will adopt a global approach to market and competition rather than regional competition. In order to keep up with the new developments in the economy, companies will embrace a continuous training of staff. The acquisition of relevant skills will become an important consideration of those intending to join the labor market. Economies will adopt new strategies in order to attract foreign investments. Such strategies include provision of steady and reliable flow of information in addition to provision of an efficient transport system.

Reference

  • A Fact Sheet. (2000). What Is The New Economy? Retrieved on 6th May 2010
  • Shalla, V. (2009). Marjorie L. DeVault, Ed., People at Work: Life, Power, and Social Inclusion in the New Economy. Canadian Journal of Sociology, Vol.34, pp.1-23
Learn more:
World Hunger : 12 Myths Poverty in the United States and India World Population

Do You need a paper on this topic?

Order Your Essay
Writer avatar

Jayjay1

№3 In global rating

1079

finished papers

731

customer reviews

95%

success rate

Writer avatar

Prof. Deborah

№9 In global rating

72

finished papers

50

customer reviews

100%

success rate

Writer avatar

Prof Nancy

№17 In global rating

94

finished papers

68

customer reviews

97%

success rate

Writer avatar

Suzzane

№10 In global rating

382

finished papers

230

customer reviews

96%

success rate

Writer avatar

miss chary

№6 In global rating

587

finished papers

368

customer reviews

95%

success rate

Writer avatar

Dr. Jackson, PhD.

№1 In global rating

117

finished papers

70

customer reviews

96%

success rate

Writer avatar

Ellah

№11 In global rating

552

finished papers

391

customer reviews

96%

success rate

Writer avatar

Brilliant-essays

№12 In global rating

160

finished papers

99

customer reviews

98%

success rate

Writer avatar

writer-Angelina

№4 In global rating

157

finished papers

94

customer reviews

96%

success rate

Writer avatar

Bella Hamilton

№16 In global rating

517

finished papers

326

customer reviews

98%

success rate

Order your paper now!

I need
My email
By clicking “Continue”, you agree to our terms of service and privacy policy. We’ll occasionally send you promo and account related emails.

EssayLab Reviews

  • Jason (student)

    I asked Essay Lab to write an essay for me and received paper the next day after I ordered it! Thank you!

  • Kimberly (student)

    Awesome WORK! If I ever need to write my essay – I will use only EssayLab!

  • Matt (student)

    These people are lifesavers! Just ask – “write me an essay” and they will start right away!

Support contacts

[email protected]