MILOEK

Militärökonomische Forschung und Lehre
Research and Courses in Economics of Defense

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PD Dr. Peter T. Baltes
To my wife, my (academic & military) teachers, my family and my friends
Online: * August 2012
Segment in Deutsch.English Section.
Some Annotations to the Economic Factors Shaping
the International Environment in the 21st century IV
No country wants to remain the “international workbench” that is only chosen as a production site by international companies because of its low costs of labor. This function is simply too often lost when another country enters “the fray” by offering even lower costs. However, the success stories of countries like South Korea illustrate that it takes at least 20 years to train / educate a workforce that is able to produce globally competitive not only in terms of costs. This goal requires independent thinking which in turn implies education that familiarizes the corresponding individual with an understanding of democratic principles and values: Otherwise, it seems a country can not rise beyond a certain level of  competitiveness.
International Environment V
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International Environment III
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First Version: April 2011
This Version: December 2012
A parallel development to the French revolution? An economic setback after a long rise in wealth combined with the failure of the Gaddafi clan who accumulated too much wealth in too few hands?