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Just happened minutes ago …

Eric Schmidt, at the New America Foundation event Globalization Goes Digital (currently being webcast at http://newamerica.net/events/2014/globalization_goes_digital), as part of his answer to a question from Thomas Friedman:

Quote: The knowledge economy has arrived.

The event was related to the recently release McKinsey Global Institute report, “Global Flows in a Digital Age: How trade, Finance, People, and Data Connect the World Economy.”

Kelowna (Canada) driving the KE

Incubators, hubs and accelerators that may have seemed peripheral to the health of the economy just five years ago, such as Communitech in Waterloo, the MaRS building in Toronto and GrowLab in Vancouver, are increasingly seen as drivers of healthy local economies looking to join the 21st century and as models that can be replicated almost anywhere.  Not to mention that the economic impact these hubs have generated makes the prospect of investment by provincial and municipal governments in their development kind of a no-brainer.  “Building on the momentum of other downtown initiatives, Council’s priorities this term included exploring a technology centre to aid in the continuing revitalization of Downtown,” said Kelowna mayor Walter Gray. “The City supports driving the knowledge economy, innovation and entrepreneurship, which in turn will create high paying sustainable jobs.”  A 2012 Deloitte report estimated Communitech Hub’s economic impact at $14 generated per $1 of public money spent. Considering that Communitech’s goal when it opened in 2009 was to attract $100 million in equity investment for the companies under its roof, and that by 2012 it had attracted $350 million, the initiative would appear to be a success. … Full article here.

Ask Michael Moe

From Claire Lambrecht’s SmartPlanet article “Want to invest early in the next big startup? Ask Michael Moe

“To Moe, the key to sifting gold from garbage is identifying major trends in the economy. One megatrend that Moe is particularly enthusiastic about is the concept of the knowledge economy, an economy based on high-value knowledge workers. “Silicon Valley is probably the most hyper example of that, where the way that these companies compete is pure and simply is if they can attract the smartest talent,” he said.”  [emphasis added]

Detroit

Transitioning to a Knowledge-Based Economy in Detroit

Take the case of Chicago versus Detroit. … Both have strong histories of manufacturing, yet Chicago was able to make the switch to a knowledge sharing economy while Detroit did not.   rest

The Value of Connectivity

Facebook had a study done by Deloitte a few weeks ago called “Value of connectivity” (the link to the full report is here http://internet.org/press/value-of-connectivity) and the foreword reads as follows (bold added):

The knowledge economy is the future of the world economy and the Internet is its backbone. Yet, currently, only about 1 out of every 3 people can go online. Internet.org’s goal to make access available to the remaining two thirds of the world will bring the same opportunities available in the connected parts of the world to everyone.

As a global partnership, Internet.org is working to harness the experience, wisdom and resources of people and companies across the world to understand and solve the challenges of the connectivity gap. Driven by this goal, Facebook engaged Deloitte to assess the economic and social impact of extending Internet access in the developing world. This report is the outcome of that initiative. And Deloitte’s conclusions are compelling: global connectivity will help lift millions out of poverty and drive important positive social and economic change.

This project is the first in an ongoing series of sponsored research projects that will also examine barriers to affordable access and the efficacy of potential solutions. We look forward to engaging with other independent research organisations and academics on projects that support the goal of extending access to the Internet.

At our core, we believe everyone, everywhere, should have the same opportunity and ability to be connected to each other and to connect to the knowledge economy.

Facebook, on behalf of Internet.org

Moore School #1 in Undergrad & Grad International Biz

The first and only, to my knowledge, B-School named after a woman continues its leadership in international business education.  The 3 minute video starts slowly showing a celebration event but warms up with the Moore School’s leaders talking about the U.S. News & World Report #1 rankings.

UAE moving to a Knowledge Economy

US Secretary of Commerce Penny Pritzker – excerpt from remarks in Abu Dahbi

Let me be clear: This trade mission is not a one-time push. Instead, this is the continuation of a long and fruitful partnership that began decades ago, and will extend for decades to come as the businesses on our trade mission become part of the fabric of the UAE economy. And I am pleased to know that the UAE leadership also takes a long-term view. For example, transformative infrastructure and economic development plans are part of Abu Dhabi Vision 2030 – which is investing $90 billion dollars through 2017 in key projects. With Abu Dhabi’s population set to more than double in just 15 years, businesses from both our countries can help this emirate fulfill its potential as it moves toward a diversified, knowledge-based economy.

Complete remarks here

Facebook and the Knowledge Economy

Congratulations Facebook on 10 years! Celebrate today. Tomorrow we get back to “building the Knowledge Economy!”

2014 Bill and Melinda Gates Letter

“More and more, technology will help in the fight against corruption. The Internet is making it easier for citizens to know what their government should be delivering—like how much money their health clinic should get—so they can hold officials accountable. As public knowledge goes up, corruption goes down, and more money goes where it’s supposed to.” {Just one of many key examples why we should be developing the Knowledge Economy globally.}

The calculus behind foreign aid is simple: When we help children in developing countries grow up and contribute to their societies, we create the conditions for a more stable, peaceful, and productive world.  {If the US applied 2-3% of the Defense budget to increase US foreign aid from 1% to 3% of GDP to match Norway, the most generous country, I suspect that our need for our Defense budget would be reduced by much more than the 2-3%.}

Learn more at www.gatesletter.com  {my edits}

POTUS, SOTU, and the KE

“Listen, China and Europe aren’t standing on the sidelines, and neither should we. We know that the nation that goes all-in on innovation today will own the global {knowledge} economy tomorrow. This is an edge America cannot surrender. Federally funded research helped lead to the ideas and inventions behind Google and smartphones. And that’s why Congress should undo the damage done by last year’s cuts to basic research so we can unleash the next great American discovery. There are entire industries to be built based on vaccines that stay ahead of drug-resistant bacteria, or paper-thin material that’s stronger than steel.” … Entire speech here – editorial insertion is mine