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Introduction
World-renowned author Peter Drucker is not only known for his insights on management, but also for advocating the rising importance for a knowledge economy. Drucker once stated that, “The basic economic resources – ‘the factors of production’, to use the economist’s term, is no longer capital, nor natural resources… nor ‘labour’. It is and will be knowledge.”1 Knowledge is the driving force of today’s economy. Due to its increasing returns, it ensures that the economy will continuously expand. This is explained by the New Growth Theory, that the marginal product of human capital is constant rather than diminishing. To establish a knowledge-based economy it is essential to form a Creative Class that is comprised of individuals who utilise their intellectual capital and aid in the formation of a creative economy. To foster the rise of the Creative Class, a high-quality education system and lifelong learning need to be developed and maintained.......
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Title: Knowledge And The Creative Class
Approximate Word Count: 5242
Approximate Pages: 21 (250 words per double-spaced page)
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Knowledge And The Creative Class
Knowledge and the Creative Class. Introduction World-renowned author Peter
Drucker is not only known for his insights on management ... ... -
The Rise Of The Creative Class
... The Creative Class is used by the author to define people who add economic value
through their creativity. It includes a good many knowledge workers, symbolic ... ... -
Creative Writing
... English Creative writing For the first time in my life ... the teacher pet of the problem
child in the class. ... always came to learn, listen and gain some knowledge. ... ... -
Dance Teaching Philosophies
... I think of those under his instruction without the knowledge and confidence ... to choose
realistic yet challenging goals in a critical creative class because anti ... ... -
Design Firm
... skills include computer networking, teaching, creative, medical, and ... Using the knowledge
and skills of all team ... organization or a world-class organization. ... ...
