How does education impact income levels in the United States. Choose a research project topic & write a problem statement: The problem statement should provide me with a “road map” of what you plan to do in your research paper …
Choose a research project topic & write a problem statement: The problem statement should provide me with a “road map” of what you plan to do in your research paper and an explanation of why this issue is important. That should spell out the research puzzle that will be the subject of your project.
The problem statement should spell out the research question you are addressing and the major aspects of the research question that need to be explored in some detail.
Identify and read 10 scholarly journal articles on your topic: do not include in your annotated bibliography articles from newspapers, news magazines, opinion magazines, government documents, or material available on the web. You should list your 10 articles (using the correct citation format) in “References” section at the end of your annotated bibliography (on a separate page).
Prepare one page summary of each article and a 1-2 page problem statement: The article summaries should spell out the themes, hypotheses, and findings that are relevant to your research question. Each article summary should spell out the major issues addressed by the authors, the theoretical approach they used, and their analysis, methods, and findings.
Globalization and international trade require countries and their economies to compete with one another. Economically successful countries will hold competitive and comparative advantages over other economies, though a single country rarely specializes in a particular industry.
A typical developed economy will include various industries with different competitive advantages and disadvantages in the global marketplace. The education and training of a country’s workforce is a major factor in determining how well the country’s economy will perform.
A successful economy has a workforce capable of operating industries at a level where it holds a competitive advantage over the economies of other countries. Nations may try incentivizing training through tax breaks, providing facilities to train workers, or a variety of other means designed to create a more skilled workforce. While it’s unlikely that an economy will hold a competitive advantage in all industries, it can focus on several industries in which skilled professionals are more readily trained.
Differences in training levels are a significant factor that separates developed and developing countries. Although other factors are certainly in play, such as geography and available resources, having better-trained workers creates spillovers throughout the economy and positive externalities.
An externality can have a positive effect on an economy due to a well-trained workforce. In other words, all companies benefit from the external factor of having a skilled labor pool from which to hire employees. In some cases, the highly skilled labor force might be concentrated in a specific geographic region. As a result, similar businesses may cluster in the same geographic region because of those skilled workers—an example being Silicon Valley, Calif.
Ideally, employers want workers who are productive and require less management. Employers must consider many factors when deciding whether or not to pay for employee training, such as: