Professor Jonathan Eaton from Penn State discusses how the interplay between outsourcing, technology and globalization are affecting people’s jobs. He also comments on how employment specialization will give way to employment generalization, emphasizing the worker’s ability to transition from one industry or occupation to the next as technological change and opportunities for outsourcing lead to changes in employment prospects. The implications for policy makers are that they need to train their workforce to be flexible.
This video interview was conducted during the 3rd Annual Conference in International Economics on June 12-13, 2015, co-organized by the HKUST Institute for Emerging Market Studies (iems.ust.hk) and the Department of Economics at the Hong Kong University of Science and Technology. Find out more about the conference at http://iems.ust.hk/events/event/hkust-3rd-annual-conference-in-international-economics/