02 March 2010

A knowledge economy, indeed

Finance minister Tom Marshall, in mid-February 2010:

“Now we have to benefit from new industry, benefit from the knowledge economy, the innovation economy.”

Sure, Tom:

A spending freeze on funding for graduate students at Memorial University of Newfoundland is expected to affect hundreds of professors and students.

The university's administration is freezing funding for new graduate students, starting fall 2010 because the university's School of Graduate Studies is running a deficit.



CAITI said...

Maybe he meant economical on knowledge as opposed to a knowledge economy?

Victor said...

Canada's youngest and coolest Province will remain the least educated if this is allowed to continue.

Not entirely a government problem, although the government did appoint half of the Board of Regents and the Chairman.

Ed Hollett said...

There's another issue, Victor which CBc Morning Show highlighted back before Christmas that does go directly to your point.

A knowledge-based, innovative economy needs well educated people. However, the trend in the Avalon is for a decrease in the number of young people graduating with higher academic achievement needed to succeed in any occupation requiring post-secondary training/education.

The connection between education and futrue growth of the local economy was identified - in one instance - in the 1992. The idea has been all but abandoned. The current crowd may be talking about this again but I don't se the sort of cohesive planning and the real appreciation of this issue that would be needed to get policies designed to support it. I think you'll see announcements of cash in the next few weeks and everyone will cheer.

But this isn't a money problem alone. Fundamentally there are a whole host ofother things that go with it and frankly, I just don't think the current crowd actually gets it. (Some do; and some don't and in the end the lowest common denominator wins)