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This paper examines the development of global skill webs in transnational companies (TNCs). Based on research in seven countries, it argues that skill webs are becoming more strategic in character as companies seek competitive advantage by relocating high-skilled work to low-cost locations. The paper explores the implications of these findings for both the 'conventional' approach to international human resource management and that influenced by the 'varieties of capitalism' School. [ABSTRACT FROM AUTHOR]

The article explores the role of international education in raising critical awareness in social power, ideology, and global economy. It discusses that neoliberalism has caused the emergence of transnational ruling class. It states that economic globalization is all about imperialism. It mentions that economic globalization of the twentieth century is different due to the influence of transnational corporations (TNC) and non-government organization (NGO) in national economies. Moreover, international education and a commodified higher education system constitute complex elements in education relations.

This article evaluates the varieties of capitalism (VoC) approach to institutional convergence, globalization, and divergence as represented by the skill formation and welfare state theory of Margarita Estevez-Abe, Torben Iversen, and David Soskice. The article explains that the VoC approach addresses business strategies, which are based on distinctive national institutional structures generated by provisional solutions to specific problems that businesses in any capitalist economy are forced to address.

Examines the issues, challenges and prospects offered by economic globalization, technological change and the Asian financial crisis to Singapore. Information on the economic structure of Singapore; Impact of globalization on Singapore; Issues concerning the workforce.

Studies the features of globalization and the economics of skill formation in Great Britain. Factors determining the trade-offs on advanced economies; Essence of human capital as a determining factor of economic success; Expansion on higher education and the value of lifelong learning.