Technology Drivers
The globalizing economy and technological change inevitably require a more highly skilled labour force.
Developments in information and communications technology (ICT) and transportation have accelerated the pace of globalisation, lowering operating costs and making it more economically feasible for a firm to locate in different countries.
technology makes it possible to produce customised services on a large scale at cost competitive prices (mass customisation).
Technological spillovers are particularly important for developing countries providing opportunities for them to narrow the productivity gap with the developed economies.