Chapter 2: Higher education and high intellectual unemployment: does education matter? An interpretation and some critical perspectives
Ernesto Tavoletti 1. INTRODUCTION: GLOBALIZATION AND THE KNOWLEDGE DRIVEN ECONOMY What is the nature of the link between ‘globalization’ and the so-called ‘knowledge economy’? Why has globalization made knowledge such an important ingredient for economic performance, according to widespread belief? In other words, is globalization the cause of the great attention paid to knowledge and is this attention justiﬁed? We believe these questions have far less easy answers than expected. In some ways, ‘globalization’ does not seem to be anything new in a capitalistic economy. In this sense we do not agree with M. Castells (Castells, 1993) and M. Carnoy’s (Carnoy, 1998) belief, indeed quite representative of the dominant doctrine, that what is special about the ‘global economy’ is that ‘strategic core activity, including innovation, ﬁnance and corporate management, function on a planetary scale in real time and that this globality became possible only recently because of the technological infrastructure provided by telecommunications, information systems, microelectronics machinery, and computer-based transportation’ (Carnoy, 1998, 21). On the contrary, the innovations of the last two or three decades in high tech industry have been large and substantial in improving quality and speed of information provision. However, the fact is that they are not the main point in explaining the current attention paid to knowledge as the key for improving economic growth. Therefore, we want to suggest that it is not recent high tech innovations that have made knowledge fundamental for economic performance. Indeed it can be hypothesized that the high tech ‘revolution’...
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