Deep Pockets of Human Capital

The video discusses the role of skilled labor in the integration of German and Austrian industries, highlighting the benefits of outsourcing to Central and Eastern Europe. It examines the human capital available during economic transitions and the development of university systems. The video also explores the integration of supply chains, particularly in the automotive industry, and the associated vulnerabilities and adaptations required to absorb shocks. Emerging Europe is identified as having significant growth potential in these integrated networks.

Who is mentioned as having done significant work on the changing nature of the workshop of German and Austrian industry?

What type of labor was primarily outsourced from the United States according to the text?

What regions are mentioned as having a significant amount of highly skilled labor?

What is described as a source of vulnerability in the supply chains?

What potential does emerging Europe have according to the text?