Knowledge-based economy. University Tuition Fees in The United Kingdom


We are on the edge of a new ‘era’, when nations must develop more and more skills in their people to face imperative challenges like an unbalanced economy, aging population or climate change (factors affecting trade, relationships, individuals and the planet). In fact, boosting knowledge has become even more crucial for those developed countries in competition with the new global manufacturers – India, China, Indonesia, Brazil, among others.

The challenges above, despite threatening the ‘welfare societies’, are also opening amazing opportunities to them in the form of new sources of energy, biotechnological and nano-technological solutions, information technologies, global communications and so on. But all this calls for the highest qualified generation in our history.

University as one of the most important tools that a society owns to take advantage of such imperative ‘momentum’ must play a key role in this process. If we do not exploit our intellectual talent, other societies will.

Democracy is based on the principle of equal rights and, consequently, opportunities, but only through education it may become real. In the current times ‘everyone’ should respond to the call to ‘enlist’ in the colleges and universities in order to prepare our countries for this impending ‘era’. On the contrary, if we put up new barriers like the withdrawal of public funding to the detriment of our ‘talent pool’, it will be impossible not only our progress as society but also to maintain the current standard of living.

How can it happen within a self-proclaimed ‘knowledge-based economy’? How can this model be deployed and sustained by removing its foundations?

Young people will lose desire, passion, ambition and competitiveness but society as a whole will pay the highest price as a result.

The United Kingdom, still powerful in the current global context, is too small to progress by buying what others achieve. Only by producing ‘knowledge’ and trading with its outcomes will be possible to shape the kind of economy vehemently proclaimed by all politicians and statesmen.

We must make compatible cuts – if it is true that we do not have access to money – with giving opportunities to everyone who wants to participate in overcoming the new challenges.

About fernando de souza diaz pavon

What's the reason of this blog? Mainly, to show something different to the mainstream; an alternative view on current affairs able to challenge the 'status quo'. And also because, by sharing my thoughts, I feel freer. If I become, to some extent, influential through this activity, I just hope to help others to feel the same. Why not? Thus, don't expect to find here what you can read in the newspapers.
This entry was posted in ECONOMY, EDUCATION, IN ENGLISH, POLITICS and tagged , , , . Bookmark the permalink.

3 Responses to Knowledge-based economy. University Tuition Fees in The United Kingdom

  1. sonia says:

    I like this “Be local and think global”.

  2. To introduce a new comment to this post, I would like to share a text that makes more sense of it. I quote:

    “What I’ve tried to explain to people [is that] education is an economic issue. Education is the economic issue of our future. It’s an economic issue of our time.

    It’s an economic issue when the unemployment rate for folks who’ve never gone to college is almost double what it is for those who have gone to college.

    Education is an economic issue when nearly eight in ten new jobs will require workforce training or a Higher Education degree by the end of the decade. Education is an economic issue when we know beyond a shadow of a doubt that countries that out-educate us today, will out-compete us tomorrow.

    The single most important thing we can do is to make sure we’ve got a world-class education system for everybody. That is prerequisite for prosperity. It is an obligation that we have for the next generation”.

    Barack Obama
    President of the United States of America
    University of Texas
    Austin, August 2010

    And to complement the quote above, I will also reproduce part of the speech where I found it. What is reflected here also applies to the post ‘The New Economic Order. Its potential impact on world poverty’.

    Again, I quote:

    “(…) We are facing extremely challenging times. Challenging not just in terms of the short –to medium– term economic situation, but challenging also in the long term as the world economic order continues to change. A change that will continue to see the rise of countries such as China, India, Brazil, Indonesia, and Russia. (…)

    What, though, is widely appreciated is that success in this new world economic order will depend primarily on one key factor – and the key factor is high-quality education. That is why all those countries I just mentioned are investing heavily in education”.

    Professor Richard Barnett
    Vice Chancellor University of Ulster – Northern Ireland
    Victoria College, 23 November 2011

    (Prof. Barnett was Chair and member of the Governing Body of ‘The Victorian College’ at that time)
    Source: ‘The Victorian’. Magazine number 36. 2009 – 2010. Pages 10 and 11.

    And I will finish this sequence of quotes with the following one:

    Economy needs skills, not jobs. (…) We need hired heads, not hired hands within our workforce. (…) Only through a collaborative, coordinated and concerted approach to deliver high value (…) we will deliver a strong robust economy for the future”.

    Bro McFerran
    Managing Director All State NI
    Association of Chartered Certified Accountants (ACCA), 3 June 2011

    Source: ‘New letter, the pride of Northern Ireland’ newspaper, 4/06/11.

  3. Pingback: The New Economic Order: Its Potential Impact on World Poverty | FernandodeSouzaDiazPavon's Blog

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