Monthly Archives: May 2016

Knowledge-Based Economy (KBE) and Education

child heads with symbols

the concept of education of children.the generation of knowledge

Where are we heading to?

In education we are teaching students for a future we don’t know much about. Technology and digital communication are changing the world too fast to predict and draw a picture of how schools, careers and economy will be for our current students. One thing we know for sure is that the world is heading towards a knowledge-based economy.

A knowledge-based economy (KBE) is defined as an economy that is based on the production, distribution, and use of knowledge and information. Knowledge is the driver of economic growth, leading to a new focus on the role of information, technology, and learning. Increasingly, economies of countries are becoming more dependent on knowledge, information, and high-skilled workers to improve their standard of living.

The Global Scope of KBE

Real life has already shown the advantage of being involved in information technology at a global level. The knowledge-based economy must permeate all industry sectors and all countries in order to contribute to building the new economy.


Developing KBE will require students to possess higher skills in literacy, numeracy, and critical thinking. All students will need the right education, training, and skills to navigate, work, and engage in an increasingly demanding world. In the coming decade, we will need to raise the basic and innovative skill level of students to transition into new jobs and markets that currently do not exist.


Knowledge and technology have become increasingly complex. Governments, schools, industries, and regular citizens will all have to collaborate and share knowledge in order to serve the interests and competitiveness on the global stage.


Innovation is defined as “new or better ways of doing valued things and is not limited to products but includes improved processes and new forms of business organization.”

Innovation is a fundamental part of the knowledge-based economy since it is, directly or indirectly, the key driver of productivity growth and thus the main source of prosperity. In order to foster greater innovation and compete internationally we need to support and improve the level of entrepreneurial skills of our students and graduates.

Elements that are indicative of a knowledge-based economy are:

  • Research and Development (R&D):

Investment in research and development is a key indicator of efforts to promote technology and innovation.

  • Intellectual property rights:

For an open exchange of ideas to occur, a strong intellectual property policy that encourages innovation is required.

  • Venture capital:

There will be a need to support Small and Medium Enterprises (SMEs) to become self-sustaining when implementing a creative idea.

  • Structural changes in the economy:

New jobs will be created. Employment will shift from routine-oriented to creativity-oriented occupations, while boosting the creative content of all work in all industries.

  • Partnerships:

Partnership is crucial among different sectors and industries to develop pathways and opportunities in key knowledge-based markets and attract high qualified individuals.

  • Labour Market Information (LMI):

LMI plays an important role in improving the efficiency of the education system by increasing information on learning opportunities and raising completion rates.

 A Learning Strategy to promote KBE

In order to adapt and succeed in the coming decade, students will need the right skills and competencies required in a society that is increasingly complex.

This will require collaboration among partners to develop a strategy focused on

  • improving adult learning opportunities,
  • improving language learning, and
  • creating incentives at the individual, firm, and industry sector level for adults to retrain, improve their literacy and numeracy, or attain a post-secondary education in their later years.

Walking for Thought

Our world is now characterized by multitasking and distraction.

How can we deal with these two issues and develop our cognitive skills to solve problems, remember things and be creative?

Research has shown that moderate walking helps increase blood flow. It also helps neurotransmitters activity. Walking can also decrease stress hormones. Attention Restoration Theory (ART) suggests that walking in nature has restorative effects on the brain’s attentional system.

Stanford researchers (2014) found out that walking boosts creative inspiration. They examined creativity levels of people while they walked versus while they sat and reached a conclusion that creativity increased by 60% when walking.

Aristotle, the known Greek philosopher, taught while walking.

William Wordsworth, the famous English poet saw the act of walking as “indivisible” from the act of writing poetry. Both were rhythmic, both employed meter. He needed to walk in order to write.

Bertrand Russel walked an hour every morning before writing.

Nietzsche walked hours every day.

For some of the greatest minds in history, walking was a way to clear the brain, prevent mental breakdown, extend life, solve problems, fully experience the world, beat insomnia, and find their purpose in life.

Walking takes your mind to a desired place, whether to think and focus on something, or to relax and rest the mind to recreate.

You can get your best ideas while walking.

To benefit from walking researchers suggest that you follow a steady pace and rhythm.

Steady walk allows a person to go deep in their thoughts and reach inner perspectives that were unknown to them.

You don’t need to put effort in thinking while walking. It just happens without cultivation. Why not turn a business or company meeting into a walking one?

Go and Enjoy a purposeful walk today!