Bridging the 21st Century Talent Gap
Today’s developed nations attained their economic status by riding the wave of industrialization that began with the Industrial Revolution in the mid-18 th century where workers moved from farms to factories. According to conventional wisdom, the path for today’s developing nations to grow their economies and increase per-capita-income is to follow a similar pattern of industrialization. That’s why most economic development programs for developing countries involve large capital projects and luring large multinational corporations to build factories on their soil. In fact, countries like China, South Korea, and Brazil made significant economic gains in the second half of the 20 th century by embracing industrialization. However, in the 21 st century, we are witnessing the shrinking of manufacturing jobs across the globe. Between 2000 and 2010, the US lost 5.6M manufacturing jobs and according to the Center for Business and Economic Research at Ball State, 85%...
