Monday, February 21, 2011

Towards Knowledge economy

Excerpts my Paper - Kerala an education destination in association with Rev. Dr. Abraham Mulamoottil
Towards Knowledge economy
As mentioned earlier trigger a knowledge revolution is a need of this hour and Kerala towards a knowledge economy should be our tagline to achieve the target of education destination. All states measure its capacity on the basis its knowledge, skill and man power. Strategies to tap these resources have great relevance. A state like Kerala – a rapidly growing economy, demographic advantage and large pool of young people, strongly recommend to triggering a knowledge revolution in the state. Dr. Manmohan Singh, Prime Minister of India said, “The time has come to create a second wave of institution building, and of excellence in the fields of education, research and capability building so that we are better prepared for the 21st century.” To tap the untapped resources and opportunities, it needs a focused approach and a knowledge-oriented paradigm of development. This knowledge revolution will ease the effort towards knowledge economy and fulfill the dream of an education destination. This involves a significant improvement in existing systems of knowledge as well better avenues for knowledge development. It is more vital to make this effort participatory to ensure equitable access to knowledge across all sections of society. A ubiquitous effort for knowledge revolution will augment domestic research, innovation and facilitates in every sectors like education, health, agriculture, industry etc. this efforts will strengthen the education system and reforms the practices/curriculum existing.
“The idea of the knowledge driven economy is not just a description of high tech industries. It describes a set of new sources of competitive advantage which can apply to all sectors, all companies and all regions, from agriculture and retailing to software and biotechnology”
(New measures for the New Economy, report by Charles Leadbeater, June 1999).

National Knowledge Commission Terms of Reference Build excellence in the educational system to meet the knowledge challenges of the 21st century and increase India’s competitive advantage in fields of knowledge. Promote creation of knowledge in Science & Technology laboratories. Improve the management of institutions engaged in Intellectual Property Rights. Promote knowledge applications in Agriculture and Industry. Promote the use of knowledge capabilities in making government an effective,
transparent and accountable service provider to the citizen and promote widespread sharing of knowledge to maximize public benefit. Kerala is highly networked in a small area with different communities, religions and groups. Additionally vast spread of specialized Keralites all around the globe and lively communication mediums are advantages of Kerala economy. These Non Resident Indians will become our representatives and ambassadors throughout the globe when the knowledge economy emerges. High quality manpower, substantial basic education and professional institutions will play a pivotal role in knowledge revolution. A multidisciplinary approach with core competency training and industrial experience in education are the essential requirement in the step forward.
A knowledge society consists of individual as well as institutions that can provide efficient innovation system, research centers, universities, think tanks, consultants, and other organizations. It comprises of educated and skilled man power that can not only tap the growing stock of global knowledge but assimilate and adapt it to local needs, and create new technology. Information and Communication Technologies (ICT) can facilitate the effective communication, dissemination, and processing of information.
The concept of knowledge society put forward the notion of – ‘it is not degrading but multiplies while we sharing knowledge’. This 'knowledge revolution' promulgates investment needs in science and technology, research and development and knowledge innovations which lead to the overall development. An increased focus on knowledge will strengthen the economic and social development by providing more efficient ways of producing goods and services and delivering them more effectively and at lower costs to a greater number of people. It will act as a medium to bridge the gap between countries as well as communities. The pace towards knowledge economy will catalyze not only government but also the private players to compete with developed countries in the wake of globalization. Additionally it stimulates investment in welfare, human capital, effective institutions, relevant technologies, and innovative and competitive enterprises.

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