Published online by Cambridge University Press: 04 August 2010
Developments in technology and software engineering are making many types of traditional jobs, such as bookkeeping, accounting, routine design, and document indexing, virtually obsolete (Rasmussen, 2000). The rapid improvements in technology and automated work methods challenge even the traditional idea of stable job competence, as well as the ability to predict the length and the nature of current or future professional careers. Today's work conditions require ongoing adaptations by employees and entrepreneurs to new demands and competitive opportunities through continuing education and training. Technological innovations, such as the World Wide Web, broadband communication, and highly portable communication and work devices, have reduced the constraints of geography on work. Today, many services can be provided with an equivalent level of quality irrespective of whether the provider is in the office next door or on a different continent. It is, indeed, becoming an age of global consumerism in which one can “work with anyone, anytime, anywhere.” Additionally, many specialized skills previously performed by human beings are now the purview of automated systems, and can often be conducted anywhere in the world at a fraction of the cost if carried out in Western Europe and North America. This technological revolution suggests that the competitive advantage of any country aspiring to economic prosperity is increasingly dependent on the capability of both its research and development groups and its skilled workforce, not only to create and develop new and improved products that are at the cutting edge, but also to quickly react and adapt to market forces.
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