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Addressing to the conference UNEC rector Adalat Muradov stressed that knowledge comes to the fore in all spheres of life, and in the modern era the most of states try to build their society in the direction of concept “knowledge society” and economy basis of the concept of “knowledge economy“.

“It is no coincidence that in the post-oil period Azerbaijan sees its economic growth precisely in the creation of economy, based on knowledge and innovation. The period until 2025 is characterized as period of transition to knowledge-based economy, and its formation on the basis of mutual integration triangle “education-science-production” implies formation of the knowledge economy,” Muradov emphasized.

In his opinion, that is why today the idea of “classical university” begins to be replaced by concepts of “entrepreneurial university”, “multiversity”.

“In the modern period the universities, playing an important role in the formation of the knowledge economy, create serious positive influence on the development of the economy. They mainly realize this function by training qualified specialists, creating new knowledge, their application and sharing.  Rest

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The UAE Knowledge Economy

Dubai Launches First-Ever Dubai Association Conference

Inaugural event will take place 11-12 December 2017, offering an exclusive platform for associations to network and expand their regional footprint

Dubai, United Arab Emirates – The Dubai Association Centre (DAC), a joint initiative of the Dubai Chamber of Commerce and Industry (DCCI), in collaboration with the Dubai Department of Tourism and Commerce Marketing (DTCM) and Dubai World Trade Centre (DWTC), has announced the launch of the first-ever Dubai Association Conference which will be held 11-12 December 2017, at the Dubai World Trade Centre. The event, a first of its kind in the region, reinforces the crucial role associations play in Dubai’s socio-economic development and its transition to a knowledge-based economy. The announcement was made at the prestigious Associations World Congress that is currently underway in Vienna, Austria.

Issam Kazim, Chief Executive Officer of Dubai Corporation for Tourism and Commerce Marketing (DCTCM), said: “It is undeniable that trade and professional associations play a key role in driving social integration, competitiveness, and knowledge sharing, and therefore support in the development of a knowledge economy.  Rest

Unleash power of scientific research to stimulate the UAE knowledge economy

It is an exciting time for scientific research and development in the UAE. As the country seeks to expand and enhance the contribution of the knowledge economy to the UAE’s social and economic development there is a growing recognition of the vital contribution of scientific R&D.

The significant social and economic advantages that a country can gain from scientific research occur by design, not by accident. That strategic design is now taking shape in the UAE in the form of updated and enhanced scientific research policies, space programmes, educational reforms and investment in research intensive institutions.

South Korea offers an excellent example of how decades of sustained investment in R&D can transform an economy based on construction and low tech manufacturing to a high-tech knowledge economy – one that is now competing with Silicon Valley as the next global hub for tech start-ups.  Rest

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India & Pakistan

Knowledge-economy set in India to sharpen its skills’ set

For this to happen without any huge hitch, a modern, vibrant and competitive workforce is a pre-requisite for ensuring productivity of its human factor endowment at a pace that can galvanize and sustain the growth momentum, going forward

By G Srinivasan: India today is in the sweet spot of relishing its demographic dividends with the large swathe of its youthful populace getting ready to reshape the contours of its services-oriented economy. For this to happen without any huge hitch, a modern, vibrant and competitive workforce is a pre-requisite for ensuring productivity of its human factor endowment at a pace that can galvanize and sustain the growth momentum, going forward. The Modi Government ever since it took charge of governance after the 2014 General Elections in May carved out a separate Ministry of Skill Development and Entrepreneurship (MSDE) with a specific and significant remit to fast-track the imperative need for skill development.  Rest

 

Strong intellectual property rights for Pakistani youth urged

Islamabad – Pakistani-American attorney and patent expert Haris Bajwa Friday said that Pakistan has highly talented engineers and entrepreneurs. In a statement issued here by the United States Embassy, Bajwa said Pakistan’s highly talented engineers and entrepreneurs need strong intellectual property rights to build the knowledge economy of the future. He added, “It’s exciting to learn about the tremendous potential of Pakistan’s tech sector, which will grow rapidly as the government adopts policies that support an effective intellectual property regime.”  Rest

Knowledge-based economy only possible by strengthening technology institutions: Tanvir

Federal Minister for Science and Technology Rana Tanvir Hussain Monday said that knowledge-based economy is possible by strengthening the technology institutions and ensuring effective governance enhancing the capacity of indigenous innovation system.

The minister said while addressing the workshop on “Application of Robotics Technology for Industrial Development in Pakistan” at National University of Science and Technology (NUST). He said that the government was fully committed to launch scientific and technological programmes and projects that aimed economic development of the country.

He said, ‘These days we can see robots doing house chores, surgical treatment, security, rescue, bomb disposal, medical rehabilitation, space exploration, agriculture and electrical mobility. Our principal agenda aims to build the knowledge based economy to gather the human resource, raw technology, infrastructure into the hard modern technological base’.  Rest

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Liverpool, Dubai, and Michigan

The University & City of Liverpool

The University of Liverpool is helping the City compete on the global business stage – exactly as it should be in the Knowledge Economy!

Experts hail Dubai law on student part-time work visa

Dubai’s new part-time student work regulation has strengthened the emirate’s reputation as a leading international education hub, experts said.

The regulation is a significant milestone that aligns with the UAE’s Vision 2021, which has articulated the setting up of a competitive knowledge economy. The Student Part-time Work Regulation will ensure a volume of qualified and work-ready young professionals by allowing creative talent to gain critical industry experience to complement their fields of study and increase their employment prospects post-graduation, they felt.  Rest

Michigan risks falling further behind if it doesn’t get serious about change

Predictably, Michigan Future wants lawmakers to improve educational outcomes; to demand accountability up and down what it calls the educational chain; to create places for mobile talent to live and work; and to share prosperity with folks outside the high-wage knowledge economy.

Right. In this political environment? Lansing’s more likely to head the other way, like it is with the move to water down state curriculum standards because they’re too hard. Seriously? Places in the knowledge economy will require young people to be more educated, not less, to compete with their mind, not their back.  Rest

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In addition, South Africa is part of a global, knowledge-based economy. As such, we need to focus on the development of local, knowledge based capital in the form of new ideas and new intellectual property being developed.

Only when an entrepreneur is able to fully exploit his new innovative ideas and product developments, by way of securing exclusive rights to the intellectual property in those ideas and developments can he derive maximum benefit from those ideas – for the betterment of his own circumstances and those of the country as a whole.

South Africa has everything needed to be a global player in today’s knowledge economy – passionate people, some truly creative ideas and the willpower needed to make it happen. But we need the talented, forward-thinking citizens of this country to step forward and claim what is rightfully theirs. Step up, protect your IP, the future is yours for the taking! Rest

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After Banque du Liban (BDL) launched Circular 331 in 2013, an injection of $400 million into the country’s start-ups – the digital scene began to flourish.

“Circular 331 has made more money available for start-ups, which has (as of September 2016) received $46.5 million in investment,” ZRE, a real estate development group that developed Beirut’s Digital District, General Manager Mouhamad Rabah told Al Arabiya English.

Following this, local banks in Beirut would receive seven-year interest-free credit line from BDL that can be invested into treasury bonds with a 7 percent interest rate. This will commit the bank to invest in the knowledge economy.

As of today, Lebanon is home to over 200 startups, only second behind the United Arab Emirates, with many more set to emerge. Rest

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The National Planning Policy Framework process for co-operation between local planning authorities grinds exceedingly slow, but it eventually delivers, and the Oxfordshire authorities are now agreed that we will accommodate 97,000 new homes across the county in the next 15 years.

Working together we are delivering an ambitious City Deal with three Enterprise Zones (Harwell, Didcot and Milton Park), two Garden Towns (Bicester and Didcot), major developments around the station in Oxford and a range of specialist ‘big science’ and research facilities.

We are already exploiting the potential of the unique knowledge economy ecosystem that has developed around the University of Oxford – currently ranked number one in the world – but much more is in prospect.

Together, this makes Oxfordshire one of the country’s principal resources for high-quality, knowledge-based growth. Rest

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Gulf News Editorial: …

This confidence in the economy combined with the country’s commitment to technology will only continue to build upon the UAE’s position as a global technology hub. Not only will the country see more acquisitions of locally-established companies such as Souq.com by global giants such as Amazon, it will also see additional financial support for technology start-ups. This ultimately achieves the UAE’s oft-stated goal of becoming a knowledge economy.

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India, UAE, India, & Nigeria

Services sector to aid knowledge economy: Nirmala Sitharaman, India’s Commerce and Industry Minister

Changing economy – Speaking at the 33rd Annual Session of FICCI Ladies Organisation (FLO) in the Capital, Jaitley said the nature of the Indian economy itself had changed and its future would be driven by ideas, knowledge and depth of innovation. Asserting that ideas had contributed to the expansion of the Indian economy, the Finance Minister felt that the “bright young minds” (especially girl students who excelled over boys in academic pursuits) coming out of universities are going to drive this knowledge economy in the coming years.  Rest

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Those who think that Nigeria does not have what it takes for global competitiveness in the knowledge economy should better have a rethink.

 

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Message from the OECD Secretary-General

The challenges faced by 21st-century economies and societies are daunting: addressing the human and social consequences of an international financial crisis, meeting development goals, encouraging green growth, and responding to climate change, ageing societies and the knowledge economy. Education is a critical part of any response. Knowledge increases both wealth and well-being: university graduates in most countries earn more. Our research shows that people who complete upper secondary education are much more likely to report good health than those who do not. Yet education systems need to do a much better job in providing equitable education opportunities – starting in early childhood, and continuing throughout life. They need to equip people with knowledge, skills and tools to stay competitive and engaged. Education is an investment in the future. Our work on education aims to make that investment strong, effective and fair. (from the OECD work on Education & Skills brochure)

Angel Gurría, OECD Secretary-General

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