The country’s huge banking and financial sector needs a constant supply of smart, numerate people who know which way up to hold a balance sheet and where to place a decimal point.
“We have the Alps, we have tourism, but we have no resources. Financial services are very important and we need people who understand mathematics,” said Urs Moser, a professor of educational science and the director of the Institute for Educational Evaluation at the University of Zurich.
“Maths is a subject where we have really high expectations. The kids have to aim high. This is now a knowledge economy and everyone here knows that we need to be a knowledge-based country.” Could the Swiss talent for maths even be part of the national character for a people who are known not just for their banking skills but also for their punctuality and precision? … Full Article
Here is an excellent Forbes article about a recent OECD report. ”With sweeping advances in technology over the last two decade business has become increasingly globalized and knowledge-based. Buildings, equipment, and workers are no longer the central drivers of growth. Now innovation, advanced organization, design (think Steve Jobs and Apple), and communication are the keys to economic prominence. … A new 362-page OECD report “Supporting Investment in Knowledge Capital, Growth and Innovation” provides a fascinating and useful overview of the new face of the world economy. It also is full of (admittedly preliminary) policy ideas to promote growth in a knowledge-based economy.”
A yearly “scorecard” that tracks the region’s economic progress shows that greater Charleston continues to outperform South Carolina and the nation in some key areas. The 2013 report released Thursday also pointed out lingering long-term challenges that need to be addressed “to maintain positive momentum,” such as transportation and education. “Charleston’s regional economy is performing well overall, while also undergoing a significant transformation into a more diversified, knowledge-based economy,” according to the scorecard. Rest of Post and Courier article
The Mark Zuckerberg interview with James Bennet of The Atlantic is at http://www.theatlantic.com/events/archive/2013/09/watch-mark-zuckerberg-talk-with-i-atlantic-i-editor-in-chief-james-bennet/279787/ - the best part begins about 13 minutes into it and runs for about 3 minutes – spoiler alert: Mark may be setting us up for a third party in America – not Republican, not Democrat, but the Knowledge Economy party
The first full day of the conference is done. The day kicked off with excellent keynotes from H.E. Dr. Tawfig Alrabiah, Saudi Arabian Minister of Commerce and Industry, and from The Hon. Penny Pritzker, U.S. Secretary of Commerce, and both speakers noted Saudi Arabia’s drive to become more of a knowledge-based economy.
Secretary Pritzker noted “The Saudi economy is diversifying into fields like education, technology, and financial services. And the Saudi government is making transformative investments. U.S. businesses stand ready to partner with Saudi Arabia at this exciting moment – as it moves to become a more knowledge-based economy.”
H.E. Minister Alrabiah was equally eloquent in his comments regarding the successes of the Saudi economy and his complete remarks can be viewed at http://vimeo.com/74754509. ”Under the leadership and vision of the Custodian of the Two Holy Mosques, King Abdullah, Saudi Arabia has been focusing more and more on promoting the transfer of know-how and technology to diversify outside the hydrocarbon sector. We are building today the foundations of a sustainable, long-term commercial and industrial relationship with our partners. The United States is host to almost half of all Saudi students studying abroad, helping fulfill King Abdullah’s vision of creating a knowledge economy.”
Facebook apparently had a great second quarter because the stock price jumped about 25% (about $7.00) yesterday. In the second quarter earning conference call two days ago, Mark Zuckerberg listed three main goals for Facebook for the next 5 or 10 years (quotes from transcript of the call that can be downloaded from http://investor.fb.com/eventdetail.cfm?EventID=132054):
“One of the questions I frequently get asked are, what are the big changes we want to make in the world over the next five or 10 years? Now that we’ve connected a billion people, what are the next big ambitions? There are three main goals I’d like us to achieve. Connect everyone, understand the world, and help build the knowledge economy. Connecting everyone is about growing our community to reach the next 5 billion people. …
Understanding the world is about helping people share not just day-to-day updates like text messages and photos but also building up long-term knowledge about the world …
Building the knowledge economy is about helping people create companies and jobs using information. The way I see our advertising product, we aren’t just building a strong monetization engine for our company, we’re creating tools to enable new growth to jobs and businesses through our platform and to support a larger economic shift in the world based on knowledge and information.”
UAE - The National: While oil wealth may generate significant income for a state, it is essentially its people that can ensure its future and security for generations to come. Investment in human capital has been highlighted as one of the key pillars for the economic visions of many of the Arabian Gulf states. The UAE Government in particular has been encouraging both the public and private sectors to develop local talent through Emiratisation and other human capital efforts. From the energy sector and high-tech industries to media and the arts, local and international firms have been investing in developing Emirati talent for the future as a knowledge-based economy. “On the front lines of developing our future knowledge economy, corporations have a clear sense of where talent will be needed five-10 years in the future and can take targeted and measured approaches to meeting those needs,” says Hanan Harhara, the head of human capital at the Advanced Technology Investment Company (Atic), a subsidiary of Mubadala. Rest of article
In this video from the Intel Datacenter Day, Raj Hazra presents: HPC – The Essential Tool for a Knowledge Economy. Hazra describes how HPC has become a fundamental capability for Discovery & Insight and how Intel is investing broadly to address future needs.
Biotech To Drive Knowledge-based Economy
RANAU, July 6 (Bernama) — Biotechnology has been identified as an integral part of Malaysia’s plan to accelerate the nation’s transformation into an innovation-driven, knowledge-based economy
, said Minister of Science, Technology and Innovation Datuk Dr Ewon Ebin. rest of the article
Boeing’s IT workforce bolsters tech economy across Lowcountry
The Boeing Co. is boosting the Lowcountry’s tech sector and increasing its diversity with plans to bring 600 information technology employees to North Charleston. “It absolutely reaffirms in a very, very strong and a very, very positive way that the software industry in Charleston is absolutely sustainable and absolutely durable,” said Ernest Andrade, executive director for the Charleston Digital Corridor. “It’ll clearly become one of the anchors of the IT industry in Charleston. We continue to exceed extremely well, but now you’ve just added a lot of fuel to that growth.” Andrade said the high-tech sector makes up 4.7% of Charleston’s economy, and the average wage in the sector is roughly $77,000. The multiplier effect for local job creation driven by high tech and manufacturing is 4.3 jobs. “We have successfully demonstrated that we can build a sustainable knowledge economy in Charleston,” Andrade said. “Now, what we’re seeing is the addition of diversification within the tech industry. These are software jobs related to the aviation industry, so we’ve just added another dimension that further insulates our software industry and ensures it will continue to thrive irrespective of the typical bumps you see with economic cycles.” rest of article
The United Nations recently convened a daylong debate among experts to examine how to promote entrepreneurship as a tool for eradicating poverty, generating wealth and improving lives. The General Assembly in New York was streamed live at http://webtv.un.org. Thom Ruhe, vice president for entrepreneurship at the Kauffman Foundation, spoke about the importance of entrepreneurship education. The Kauffman Foundation has provided a link here to Thom’s remarks. The UN is following through on a mandate from its Entrepreneurship for Development resolution that encourages all UN-related bodies to “recognize and integrate entrepreneurship in its various forms into their policies, programs and reports, and to support national efforts in this regard.” The objectives outlined in the UN resolution align closely with those of Global Entrepreneurship Week, the world’s largest celebration of entrepreneurship that will be held this Nov. 18-24