It seems that anywhere you turn today; you can know what going on
anywhere in the world. It’s interesting that with the advent of the internet
that changed the global context that so much has changed in the last 10 years.
You can now do trading of stocks and bonds online, you can research a company’s
profile and you can even teleconference via new technologies such as Skype and
Oovoo with executives and representatives of these companies.
So what does this mean for the knowledge driven world economy? Knowledge,
as embodied in human beings (as 'human capital') and in technology, has always
been central to economic development according to Candice Steven writing in the
OECD Observer. She highlights in her article the use of knowledge in the
developed countries within the OECD (Organisation for Economic Co-operation and
Development) which is needed in the highly productive and technological societies
in which these economies are based and exist.
This knowledge driven economy is global which means that it does affect
us in the Caribbean. We are living in a globalized world that is no longer
connected by cables and wires but by satellites and fiber optics. As a
Caribbean Region which is heavily dependent on the larger world economies such
as the United States of America and the United Kingdom, we have to develop the
skill sets need to drive our economies forward. This means investment in
educating and equipping our people with the skills and attitudes need to
compete in the global sphere. It also shows the need for continuous training as
technology does evolve and we have to stay on top of this to remain competitive
and earn money in our economies.
The investment in educational programmes is also needed. We need to ensure
that our students are equipped on leaving our universities and training centres
with the skills that are needed in today’s global economy. We are no longer
restricted by borders and as such as able to travel, work and love overseas. We
are also now being employed by multinational corporations and as such must be
ready to step up to the job with the necessary knowledge and skills. As a region we can no longer sit down and
await the hand out from our allies and former colonial masters. We now have to
stand up and push for the thrust toward competing with the economies of large
scale and developing our human capital. This highlight the importance of
courses such as Organizational Communication which help to develop the students
who in 2 years will join the workforces in the region and help propel us
forward in the knowledge driven global economy.
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