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RDF SYMPOSIUM - ON COMMEMORATIVE MAGAZINE
Declaration of Principles Volume One Welcome Message NY Governor Pataki Swinburne's Message Dominican Diaspora Want to go home? DEXIA - New Approach Caribbean Exporters New Entertainment Waitukubuli Mo n Mo Music Productivity and Economy Health & the Diaspora Morrison Thomas National Security A Call to Action Do You Remember When? Symposium Organisers Presenters Bios. Technol. & Intel. Capital Volume Two Why R.D.F. Planning for Agriculture Comprehensive Planning Security & Development Dominica State College DSS in Partnership Dominica & Integration Education for Survival Globalisation & Caribbean Skills for Internet Age Legacy of Rosie Douglas-1 Relationship Capital |
CRITICAL SKILLS FOR THE INTERNET AGE
by Avonelle Christian James The global Internet economy has created a dramatic shift in the demand for information technology skills in almost every industry. This shift has resulted in a transformation in the way that today's progressive companies operate their businesses. Web-based software, e-mail, the Internet - specialized technology implemented in hospitals, stores, on factory floors, all contribute to the growing demand for information technology workers. In this new economy, the latest wave of office workers are writing the smallest of memos onscreen, and allowing spreadsheets to calculate their expense accounts online. No longer are they obligated to resort to doing their work with pencil, pen and paper. There is strong evidence of a growing trend towards the use of the Internet to conduct business. In the travel industry, for example, there has been an explosion of airline, hotel, and car rental reservations online. The use of a traditional travel agent has become antiquated to many Internet users. The auto industry has revolutionized the way that business is conducted. Consumers can now complete an auto purchasing transaction via the web, including obtaining financing and insurance quotes, and even purchasing insurance. The financial industry has experienced some of the most explosive growth in terms of transactions conducted on the web. There has been an emergence of online banking services, payment processing, money transfer, and loan processing, among others. Additionally, online stock brokering and financial servicing companies have flourished in the initial stages of this Internet revolution. Subsequently, e-commerce has exploded in the last few years. The Center for Research in Electronic Commerce at the University of Texas has estimated that for 2001, there will be $241 billion of revenue generated from e-commerce. The Internet revolution has created a spiraling number of technology-related jobs, the rewards of which are being enjoyed in countries such as India, Jordan, the UK, and the United States. India, for example, is using its powerful base of information technology workers to boost its trade. With a vast army of programmers and consultants, India has managed to grow software exports significantly since 1995/1996, when exports totaled $734 million. Today, India's software association scaled down export growth target estimates to between 40 and 45 percent and forecasts exports to reach $8.5-9 billion in the year to March 2002, compared with the previous year. India is clearly leading the boom in the production of talented IT workers, well equipped to handle the challenges and reap the rewards of the Internet age. Even with the technology slowdown in the US, offshore firms in India are seizing the opportunity from U.S. clients who are looking to trim costs by outsourcing major portions of their work. The potential for the development of the information technology sector in Caribbean islands such as Dominica is strikingly compelling. There is great opportunity in providing technological products and services in the areas of tourism, data processing and financial services (banking and insurance), as well as some prospects in health care and even consultancy services. Within each of these sectors lies a strong demand for skilled workers, the likes of which are now available in countries such as India. Studies have shown that literacy rates in Caribbean countries are high, raging from 95% of adults in Dominica to 99% in Barbados. These figures, together with good telecommunications services and relatively low labour costs, suggest that countries such as Dominica should have a comparative advantage in the development of internet-related products and services. Some countries - Barbados, Jamaica and Saint Lucia - have already embarked on the development of such services. This process has been assisted by investment incentives, which have attracted foreign investors. Close proximity to the large United States market is an added advantage for the countries of that region. |