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The Knowledge Economy in India, Kuwait

Delhi to hold ‘5th Annual One Globe Knowledge Conference 2016’

New Delhi, Feb 1 : To bring together global thought leaders to discuss 21st century knowledge economy in India and South Asia, fifth annual edition of the ‘One Globe Conference: Uniting Knowledge Communities’ will be hosted specifically to focus on ideas, issues and impact of the Indian government’s ambitious agenda to transform India into a 21st century knowledge economy through its initiatives like Digital India, Make in India, Smart Cities and Entrepreneurship.

… “In our fifth edition of the One Globe conference, we are delighted to have an eminent set of speakers who bring rich perspectives and proven experience in analyzing the multiple components of making a 21st century knowledge economy,” added [Harjiv Singh, Convener, One Globe 2016 and founder and CEO of Salwan Media Ventures].

David Plouffe, Chief Advisor, Uber Inc., who is widely referred to as the architect of President Obama’s two presidential campaign victories and has served as a Senior Advisor to the President, will participate in an exclusive armchair discussion at a dinner hosted by the One Globe conference and the USIBC ahead of the conference.

Connectivity to Propel Kuwait’s Knowledge Economy Forward

Kuwait – In today’s knowledge-based economy, the advancement of Kuwait’s information and communication technologies (ICT) sector will help to accelerate the government’s agenda for greater economic productivity, global competitiveness, and enhancing the well-being of its citizens, according to executives from Huawei Kuwait.

The company recently joined leaders from Kuwait’s public and private sectors to examine new ways in which the digitization of city systems and businesses will be able to foster national socio-economic development in the years ahead. Such discussions were at the forefront of the recently concluded national conference on “Contemporary Roles of Governments in the Knowledge Economy Era”, organized by the Kuwait National Project for Knowledge Economy (NPKE) and held under the Patronage of H.H. Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Emir of Kuwait.

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“Twenty five American CEOs and business leaders came to Riyadh this week to meet with their counterparts from Saudi companies for this landmark event,” said Thomas J. Donohue, President and CEO of the U.S. Chamber of Commerce. “To support the Kingdom’s ambitious economic development and diversification plans, our business communities have come together to grow U.S.-Saudi trade and investment and to promote economic growth and job creation.”

The CEO Summit’s agenda is structured around economic and commercial topics of mutual interest.  Topics include advancing a more closely integrated U.S.-Saudi supply chain, boosting workforce productivity, improving the business environment, and supporting Saudi’s vision of developing a knowledge-based economy.  The Summit lays the foundation for CEOs to convey more deeply informed views to both governments and to help strengthen bilateral relations. Rest

EBRD President leads team to Davos talks

… The theme of the 2016 Davos conference is the “Fourth Industrial Revolution”. The EBRD supports economic progress in its regions by helping economies rise up the technological value chain. The Bank’s Knowledge Economy Initiative aims to use the knowledge economy to boost productivity and competitiveness by improving the business environment for innovation.

Claflin University Establishes Partnership With University of Calcutta To Promote Eco-friendly Entrepreneurship Development Among Women in West Bengal, India

 

Plunging loonie could be boon for startups seeking venture capital

“We have to look at what our response is to the low dollar as the world moves towards a knowledge economy and an innovation economy,” [Paul Salvini, who heads the Accelerator Centre in Waterloo, Ont.] said.

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UAE working to boost knowledge economy

UAE Minister of Economy Sultan bin Saeed Al Mansouri has said … The UAE is also aiming to scale down the share of hydrocarbon revenues in its economy by 20 per cent by 2025. Oil receipts accounted for 30 per cent in 2014. … As part of a drive to diversify the economy away from oil, the UAE targets increased economic contribution from SMEs – a sector that accounted for 60 per cent of the UAE’s non-oil GDP in 2014. The government seeks to raise the figure to 70 per cent by 2021. The UAE also aims to see a five per cent contribution by 2021 from the innovation sector.

“We admit that there are other countries that excelled in fields of innovation and knowledge and we are in talks with countries in North America, Europe and Asia about collaborations in order to boost our knowledge economy,” he said, adding that the UAE has invested over Dh300 billion in the fields of knowledge and innovation. Rest

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The Lahore Chamber of Commerce & Industry (LCCI) has stressed the need for promotion of knowledge based economy that is a must to tackle the economic issues being faced by the country. The LCCI President Sheikh Muhammad Arshad and Vice President Nasir Saeed said that promotion of research culture will also help overcome various internal issues like decline in exports, energy crisis, lowest tax-to-GDP ratio, inefficiency of Public Sector Entities, brain-drain, shortage of skilled human resources and low industrial production etc. The LCCI President said that lack of knowledge and research is one of the biggest reasons of our economic ills. Rest

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Happy New Year

We hope that you will have a great start for 2016! Start it off with a look at John Hagel’s “The Real Unemployment Innovation Challenge” article. He makes a couple of great points that hopefully will motivate more people to learn faster and have greater passion for their work.

Rather than viewing workers as expense items to be squeezed and cut as much as possible, we would finally see workers as resources capable of creating and delivering growing value. And this wouldn’t just be the case for “knowledge workers” – it would drive home that every worker is ultimately a knowledge worker, capable of driving accelerating performance improvement wherever they are in the organization by learning faster.

and

We need to change that view of work.We need to find ways to more effectively integrate our passion with our work. Passion turns mounting performance pressure from a source of growing stress and burn-out to a source of excitement, driven by the potential to take our capabilities and impact to a new level. If we go to work simply to earn a paycheck, we will never learn as fast or improve our performance as rapidly as someone who is pursuing their passion.

Here’s the challenge. Based on research that I’ve led at the Center for the Edge, only 12% of the US workforce has what we call “the passion of the explorer” – the kind of passion that fosters rapid learning and performance improvement. That leaves 88% of us who have to find ways to more effectively integrate our passion with our work.

Have a Happy New Year and don’t forget to passionately pursue more rapid learning in 2016!

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Gulf countries must diversify economy

Changing oil markets offer impetus to make the transition to knowledge economy, as UAE has shown

Economic diversification is the way forward for any nation that hopes to develop a knowledge-based economy. Monday’s announcement of the Saudi budget sheds light on oil’s ongoing dominant role in Gulf states’ economies. That needs to change immediately. The GCC-wide call for economic diversification is decades old. …

For the second successive year, the Saudi government will be running a deficit — thanks to falling oil prices. The deficit itself is not an issue, but the budget still highlights the overly large role that oil plays, especially in terms of providing subsidies to citizens and residents. In Saudi Arabia alone, state revenue from oil stands at an estimated 73 per cent in 2015. The UAE has shown that economic diversity is more than just a theory. The country has already brought in tourism, aviation, manufacturing and retail and is on its way to building a knowledge economy. Oil in Dubai contributes only 6 per cent to the economy. Rest

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The UK Knowledge Transfer Network

KTN is the UK’s Innovation Network. We connect people to speed up innovation, solve problems and find markets for new ideas.

From the discovery of DNA to making blockbuster movies, from inventing the world wide web to creating the best in user experience design, the UK has earned its reputation for world-leading creativity and inventiveness. We’re helping secure the UK’s future by playing to those strengths. Our primary role at KTN is to nurture, develop and scale up innovation within business, connecting you with the wider knowledge economy.

Working with large and small companies, government agencies and research organisations, with tech hubs and startups, public funding bodies, VCs and private investors, KTN has built a unique network that helps enterprising people and companies reach the full potential of their innovative capabilities.  Rest

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The Future of Productivity – OECD

The Future of Productivity reminds us that fostering innovation and promoting knowledge diffusion requires an environment where scarce resources, particularly human talent, flow to their best use. Reviving diffusion and improving resource allocation has the potential to not only sustain and accelerate productivity growth but also to make this growth more inclusive, by allowing more firms and workers to reap the benefits of the knowledge economy.  …

Reforms centred on improving the efficiency of resource allocation, which is far from optimal in many OECD countries, may also revive growth by making it easier for productive firms to thrive. More specifically, there is much scope to boost productivity and reduce inequality simply by more effectively allocating human talent to jobs. Since the knowledge economy increasingly requires skills that our education systems struggle to provide, the growth and equity benefits of policies that more effectively allocate human talent will rise. Achieving aggregate productivity gains via more efficient resource allocation requires well-designed framework policies accompanied by a range of flanking policies – including adult learning policies, well-designed social safety nets and portable health and pension benefit – to ensure that these gains are distributed more evenly than otherwise. But policy-makers also need to cast a wider net and recognise the potentially adverse effects of housing policies that restrict worker mobility on productivity via the channel of skill mismatch.

The Future of Productivity – Online version

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Commenting on the launch of the Summit, His Excellency Jamal bin Huwaireb, Managing Director of MBRF, said: “This year the Knowledge Summit is being organised under the theme, ‘The Way to Innovation’ in line with the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to mark the year 2015 as the Year of Innovation. The event is a unique opportunity that brings together influencers, experts and stakeholders in the knowledge domain to discuss ways to employ innovation in the dissemination and transfer of knowledge in fields such as education, scientific research and information technology.”

HE Bin Huwaireb said the Knowledge Summit 2015 has emerged as one of the biggest international gatherings to promote knowledge on an annual basis, and represents the ideal global platform to discuss ways to strengthen the efforts to build knowledge based sustainable societies and economies. The hosting of the Summit by MBRF reflects the Foundation’s leading position in the field of knowledge development and its dissemination at the local and global level, HE Bin Huwaireb added. Rest

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Speaking during the occasion, Department of Industry Policy and Promotion (DIPP) Secretary Amitabh Kant said that for India to move up the knowledge economy value chain, it was imperative that its innovators not just Make In India but also design and create in India.

“Only then we will have the disruptive innovation that can drive the kind of economic growth India needs to support the government’s aim of improving lives for all our fellow citizens,” Kant said.

The conclave focused on the role of innovation in delivering inclusive growth and creation of a knowledge economy. Full article

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