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Workforce Development in Hong Kong

In: Innovation Policy and the Limits of Laissez-faire

Author

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  • Vivek Wadhwa

    (Duke University and Harvard University)

Abstract

In many industrialized nations, key stakeholders frequently discuss whether the country has adequate talent to successfully compete in an era of rapid globalization. In the US, political and business leaders frequently express alarm at the aging engineering and scientific workforce. Declining enrollments in scientific fields in US universities are juxtaposed against rapidly accelerating graduation rates of engineers and scientists in China and India. This disparity often leads to predictions of severe shortages of science and engineering workers in the US and a loss of US competitive edge unless science and engineering graduation rates can be lifted. Globalization is also causing disruptions in the US workforce, with the outsourcing of high-skilled jobs to India and China. Protectionists say the solution is to raise trade barriers and prevent outsourcing to save quasi-technical, skilled white-collar jobs.

Suggested Citation

  • Vivek Wadhwa, 2010. "Workforce Development in Hong Kong," Palgrave Macmillan Books, in: Douglas B. Fuller (ed.), Innovation Policy and the Limits of Laissez-faire, chapter 4, pages 97-113, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30411-6_5
    DOI: 10.1057/9780230304116_5
    as

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