We need to develop a “Knowledge” Economy

The Work Foundation has produced a really exciting document  http://goo.gl/qxfN8  explaining how the UK could drive itself out of recession by developing a knowledge based economy.  I have heard Will Hutton speak on the subject with great eloquence. Rather than just thinking about “Manufacturing Goods and providing Services” there is a third element called “Knowledge”.

Evan Davies recently presented in the 2nd part of a  3 part BBC documentary called “Made in Britain” which is part of the Open University syllabus http://goo.gl/hlP90   This also opened up the idea of trading on “Knowledge”

I was particularly taken by the success story of ARM Holdings (Cambridge) who design Chips for the PC and Smartphone industries.  They licence the “intellectual property” that they create and do no manufacturing or services. ARM is one of the most successful companies in the UK

In the past trade figures were worked out by inspecting goods at physical customs border.  You cant do this with Services and Knowledge !!

The development of a “world leading” Knowledge economy in Cambridgeshire is dependent on two important factors.  A 100Mbps Broadband infrastructure throughout the county and serious addressing of the STEM (Science, Technology, Engineering and Maths) agenda in our schools and colleges.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s