Emergence of a knowledgebased economy from "summary" of The New Class Conflict by Joel Kotkin
In the last few decades, we have witnessed a profound transformation in the way our economy functions. This transformation has been driven by the increasing importance of knowledge and information in driving economic growth. The emergence of a knowledge-based economy has fundamentally changed the nature of work and the skills that are in demand in the marketplace. In a knowledge-based economy, the most valuable assets are no longer physical capital or natural resources, but rather the knowledge, skills, and creativity of individuals. This shift has been facilitated by advances in technology, which have made it easier to access and disseminate information on a global scale. As a result, industries that rely on knowledge and innovation have become increasingly important drivers of economic growth. One of the key characteristics of a knowledge-based economy is the emphasis on education and skills development. In order to thrive in this new economic landscape, individuals must constant...
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