Countries that invest heavily in education to meet the demands of
the new global knowledge economy benefit economically and socially from that choice.
Not exact matches
(By
global knowledge economy, we refer to the keen and growing competition across the world for high - end jobs — especially in the service sector — that are dependent on highly educated, creative individuals who can fulfill the requirements of the work and, more important, create
new job opportunities.)
All are striving to modernize their education systems to meet the demands of the
global knowledge economy and produce a
new global skill set.
This reflects the increasing understanding that in rapidly changing
knowledge economies, critical thinking and problem solving are important parts of the
new global skill set, whereas the labor market demand for routine cognitive competencies — the kinds of skills that are easy to teach and test — has declined rapidly over recent decades.
Budget 2018 also promises a
new, modern approach to intellectual property to help Canadian companies lead in the
knowledge - based
economy and allow Canadian innovators to better compete and access
global markets.