What is a knowledge economy ? A knowledge Economy is when knowledge is used to promote economic benefits. This helps the economy improve and develop through global competition. It is mostly through global technologies such as computer software, telecommunications and virtual services.
Also educational research institutions are a large part of this competition. Canada is having trouble finding their identity in all of this. We need to find occupations where we can compete and win.
We need to step up to that next level of global competition or we will be left behind and forced to buy from the people who have made global competition a part of there economy. We want to make this an opportunity for the people in Canada instead of a threat.
It's like the world has jumped onto a merry-go-round and we have to choose to jump on while it's still moving, cause it's not going to stop or we can just stand and watch and not benefit from what is available to us.
It really is a hard predicament because in order to become a larger part of the knowledge economy, Canada is going to have bad affects for short term at first but in the end it will be worth it in the long term. It is a tough decision. Let 2.4 million people lose their jobs right now so that in the long run we will have more influence on a global level.
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