scholarly journals The Role Of Universities In Building A Knowledge-Based Economy In Saudi Arabia

2014 ◽  
Vol 13 (5) ◽  
pp. 1047 ◽  
Author(s):  
Mohamed Imam Salem
Keyword(s):  
Higher Education ◽  
Economic Development ◽  
Saudi Arabia ◽  
Growth And Development ◽  
Sustainable Growth ◽  
Developed Economies ◽  
Innovation Research ◽  
Knowledge Based ◽  
Knowledge Based Economy

A knowledge-based economy is one of the vital components of modern economies. Growth in most of the economies of the world, and most developed economies in particular, are increasingly based on knowledge. In a knowledge-based economy, economic development is dependent on investments in education, learning and training, among others. Universities are today becoming aware of the essential role that higher education plays in the construction of knowledge-based economies. The kingdom of Saudi Arabia (KSA) has adopted the drive toward a knowledge-based economy through focusing on the higher education sector. Saudi Universities are playing a pivotal role toward the Kingdom's transition into a knowledge-based economy and hence achieving economic growth and development. The purpose of this paper is to critically examine the important role that universities play in building a knowledge-based economy through innovation, research commercialization, and technology transfer as economic development policies. The role of universities in building a knowledge-based economy in Saudi Arabia is also investigated. The paper confirms that Saudi universities are considered as a very important entity in the aim for the Saudi economy to achieve sustainable growth and development.

scholarly journals The Role of Astronomy in Development: The Case of Uganda

2015 ◽  
Vol 11 (A29A) ◽  
pp. 393-394
Author(s):  
Edward Jurua
Keyword(s):  
Economic Development ◽  
Scientific Knowledge ◽  
Science And Technology ◽  
Knowledge Based ◽  
University Curriculum ◽  
Knowledge Based Economy ◽  
The University ◽  
Excellent Tool ◽  
Science Subject

AbstractScience and technology play a key role in economic development; and Universities have a direct stake in this process. A knowledge-based economy requires scientific and technological expertise that is strongly influenced by the strength of training in science and technology. However, in Uganda not many students opt for science subject at higher levels, and subsequently in the University. Therefore, there is need to encourage and motivate students to study science subjects in order for this to be successful. This can be achieved through introduction of stimulating subjects such as astronomy in the university curriculum. Astronomy is considered as the most appealing subject and an excellent tool for conveying scientific knowledge to young students. In this paper, the role that astronomy has played to motivate and interest students to study physics in Mbarara University of Science and Technology, in Uganda, is discussed.

Internationalizing Research in Kazakhstan Higher Education: A Case Study of Kazakhstan’s State Program of Industrial Innovative Development 2015 to 2019

2018 ◽  
Vol 23 (2) ◽  
pp. 234-247 ◽  
Author(s):  
Zakir Jumakulov ◽  
Adil Ashirbekov ◽  
Jason Sparks ◽  
Aida Sagintayeva
Keyword(s):  
Higher Education ◽  
Development Program ◽  
Innovative Development ◽  
International Partnerships ◽  
State Program ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
International Partner ◽  
The University

This article describes the nature and impact of a major recent education policy aimed to transform higher education in Kazakhstan, the State Program of Industrial Innovative Development 2015 to 2019 (SPIID-2). This inquiry sought to understand and describe the role of internationalization of higher education in SPIID-2, and more specifically its role for developing university research. Kazakhstan’s industrial innovative development program promotes university–industry collaboration and universities’ international partnerships to enhance the role of the university in the economic development of the country, consistent with the imperatives and opportunities of the knowledge-based economy. The role of internationalization, particularly, involving international partner institutions, in this policy, contributes to quality assurance and informed decision making. Findings are based on content analysis of policy texts and interviews with university representatives.

scholarly journals The situation of the Hungarian agricultural higher education

2009 ◽  
Vol 3 (3-4) ◽  
pp. 73-77
Author(s):  
Sándor Magda ◽  
Andrea Herneczky ◽  
Sándor Marselek ◽  
Erika Varga
Keyword(s):  
Higher Education ◽  
High Standard ◽  
Point Of View ◽  
Special Role ◽  
Traditional Role ◽  
The Past ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Competitive Economy

The knowledge-based, competitive economy places a great emphasis on the education system. The responsibility of higher education is to impart knowledge of high standard which is in harmony with the continuously changing environment. Higher education has a special role in the knowledge-based economy since it does not only have to fulfil educational but also research an innovation tasks. The decrease in the traditional role of agriculture as well as international tendencies facilitate diversification, i.e. the emergence of new roles and the relevant activities. Due to the diversification of agriculture fields like environmental protection, bioenergetics, and rural development have become more emphatic. The growing importance of these new fields is also significant from the point of view of education. Well trained professionals are of vital importance for the agriculture. A significant number of fresh graduates are not employed in their profession; they find a job in other areas or continue their education in a different field of interest. This research is based on a representative survey amongst agricultural graduates. Its objective is finding facts about how the graduates of the past five years assess higher education training and also about the factors employers take into consideration when employing a fresh graduate.

scholarly journals THE KNOWLEDGE-BASED ECONOMY IN LITHUANIA: ANALYSIS OF TENDENCIES

2005 ◽  
Vol 6 (4) ◽  
pp. 231-239 ◽  
Author(s):  
Romualdas Ginevičius ◽  
Renata Korsakiene
Keyword(s):  
Economic Development ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Economic Development And Growth ◽  
Advanced Economies ◽  
Primary Driver ◽  
Income Development ◽  
Post Industrial ◽  
Development Paradigm

The purpose of this paper is to analyse the tendencies of knowledge‐based economy in Lithuania by looking at a knowledge economy's major dimensions ‐ the structure of economic activity and the infrastructure of knowledge economy. The knowledge‐based economy is the dominant post‐industrial economic development paradigm. The emergence of this paradigm in the 1980s created preconditions to emphasize the role of knowledge creation and distribution as the primary driver in the process of economic development and growth, the distribution of income, development of knowledge‐based networks among firms and the interface between government, business and citizens in the advanced economies.

Role of Education in the Concept of Innovative Economic Development

2015 ◽  
pp. 68-80
Author(s):  
V. Vedeneeva
Keyword(s):  
Higher Education ◽  
Economic Development ◽  
Transition Period ◽  
Primary Source ◽  
Critical Factor ◽  
Industrial Society ◽  
Knowledge Based ◽  
Leading Role ◽  
Knowledge Based Economy ◽  
Post Industrial

Innovations are the main form of transformation of knowledge into welfare. They represent a key feature of a post-industrial economy and of the relevant knowledge-based economy in which the knowledge becomes a critical factor and a primary source of socio-economic development. The shaping of the educational services market is one of requirements for transition to a post-industrial society, which presupposes a comprehensive modernization of the country. The statement of modernization itself primarily applies to education, – both basic and further. In Russia, a new structure of higher education was created, in which the leading role belongs to federal and national universities designed to prepare professionals for the new economy and science. In the transition period, one of the main tasks of higher education is to train engineers of innovative type. However, the level of engineering education in universities as a whole does not meet the requirements of an innovative economy, and the most demanded professions do not belong to the sphere of innovations. Young people are still motivated to obtain a profession that allows to ensure high wages, primarily in the financial sector and management. This problem is solved by developing a real cooperation between universities and business, by the expansion of academic mobility, as well as the introduction of additional professional development programs and training of engineering personnel.

scholarly journals Education and Economic Growth of the Western Balkans Countries

ECONOMICS ◽  
2018 ◽  
Vol 6 (2) ◽  
pp. 27-35
Author(s):  
Ognjen Erić
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Economic Development ◽  
Educational System ◽  
Education System ◽  
Growth And Development ◽  
Gdp Per Capita ◽  
Western Balkans ◽  
Per Capita

Summary Numerous theoretical and empiric studies investigate the correlation between education and human capital and economic development. Full affirmation of knowledge and the role of education in stimulating economic growth were provided by endogenous theory. The subject of this paper is to analyse the correlation between education and educational system and the economic growth of the Western Balkans countries (WB). The hypothesis of this work says that: education and educational system in the WB affect the growth of GDP per capita. A better education system stimulates and accelerates the economic growth and development. The aim of this research is to prove that an optimal education system stimulates the growth and development in each observed national economy. In this paper, the results of the correlation analysis indicate high compliance of higher education with GDP per capita i.e. higher education population is particularly important for the level of development whereas there is a highly compliant but inverse relation of the population with informal level of education and economic development in the WB countries.

scholarly journals HIGHER EDUCATION AND ECONOMIC GROWTH IN NORTH MACEDONIA: EVIDENCE FROM CAUSALITY TESTING AND COVID-19 CHALLENGES

2020 ◽  
Author(s):  
Marijana Cvetanoska ◽  
Predrag Trpeski
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Human Capital ◽  
Economic Value ◽  
Policy Makers ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Dynamic Methods ◽  
Education And Economic Growth

The link between education and economic growth has been the subject of public debate, and it has been widespread interest among economists in solving key economic problems. As a determinant of human capital, which is one of the factors of production, education has its own contribution in the process of globalization where economies are transformed and based on knowledge. Particularly higher education has a high economic value because it causes the formation of human capital and it is often seen as vital for a continued growth performance, prosperity, and competitiveness in national and global economies. Higher education contributes to the economic growth by producing higher-level skills and competencies needed for a shift towards knowledge-based economy. For these reasons, countries all over the world especially the developing countries such as North Macedonia, are giving higher education special attention to facilitate the economic growth. In this study, the co-integration between higher education and economic growth in North Macedonia is analyzed using dynamic methods. Toda Yamamoto's approach for Granger's causality (TY) developed by Toda and Yamamoto (1995) is used to analyze the causality between economic growth and higher education. For this aim, a bivariate VAR model is constructed. This study provides an evidence for the causality between higher education and economic growth in North Macedonia. Moreover, a key role of higher education institutions is to drive innovation, with the aim of finding solutions to global challenges. Today, in response to the COVID-19 pandemic, there is a danger that COVID-19 will destabilize this educational level, with serious consequences. Therefore, the challenges that higher education is faced are emphasized in order to help education institutions and policy-makers to reflect on them and be prepared to address them, while re-emphasizing the role of higher education in supporting to conform the post-COVID19 pandemic.

Sign in / Sign up

Export Citation Format

Share Document