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Knowledge spillovers and future jobs

Author

Listed:
  • David B. Audretsch

    (Indiana University, USA, and Max Planck Institute of Economics, Germany)

Abstract

Globalization brings both good and bad job news. The bad news is that jobs will be outsourced from high-cost developed countries into lower-cost locations as soon as the associated economic activity becomes mechanized and predictable. The good news is that globalization creates opportunities that can be realized by people bold enough to transform new ideas and knowledge into innovations. In that way, entrepreneurs will play a vital role in creating the jobs of the future by transforming ideas and knowledge into new products and services, which will be the competitive advantage of the advanced economies.

Suggested Citation

  • David B. Audretsch, 2015. "Knowledge spillovers and future jobs," IZA World of Labor, Institute of Labor Economics (IZA), pages 218-218, December.
    • Handle: RePEc:iza:izawol:journl:y:2015:n:218
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    innovation; entrepreneurship; competitiveness; globalization;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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