I am starting to question the leadership of America in the “knowledge economy”. We have now reached a point in time that the “knowledge economy” is global. While we should have welcomed it as good news (we were the ones to drive globalization in the first place), but I guess not many anticipated that the scale will be so grand and the speed so fast that it will catch us totally unprepared. While we continue to enjoy lower prices (a key goal of globalization), we are also faced with the prospect of American workers having to compete with better-educated (but less expensive) workers from many Third World countries. That is not only a political issue but also a social and economic issue that needs to be dealt with.
So is it time for America to transform its economy into something else. I am proposing that we call it the “wisdom economy”. Let us not slow down the globalization of the knowledge economy but at the same time let us continue to transition to the “wisdom economy”. If not, we might end up becoming irrelevant in the knowledge economy.
So is it time for America to transform its economy into something else. I am proposing that we call it the “wisdom economy”. Let us not slow down the globalization of the knowledge economy but at the same time let us continue to transition to the “wisdom economy”. If not, we might end up becoming irrelevant in the knowledge economy.