ABSTRACT

As more education, management and experience was accumulated abroad and as it became easier to move production away from high-income labor locations and to the emerging labor markets, production markets dispersed worldwide. There was a worldwide push to increase global enrollments of children. One of the first signs of international integration was that complex industrial products, such as automobiles, computers and airplanes, began to outsource the manufacture of various parts and have those parts shipped in to local factories to be assembled. Boeing sought out highly skilled labor markets and markets that offered various types of skills. Global financial crisis of 2008 downturn of the US economy had an unprecedented effect on the entire world's economic prospects. A decade after the fall of the Soviet economy, the Organization for Economic Co-operation and Development (OECD) estimated that a third of OECD national incomes were derived from knowledge.