12/03/2014 1
Open Education and the Open
Knowledge Economy
Michael A. Peters
University of Illinois at Urbana-
Champaign
12/03/2014 2
The Knowledge Revolution
 Seven key elements of “Knowledge Revolution”
 Increased codification of knowledge...
12/03/2014 3
The Knowledge Revolution -2
 Greater value added now comes from investment in
intangibles such as branding, ...
12/03/2014 4
Enhancing contributions of public
research
Old model: Funding basic
research
 Government funding of
basic re...
12/03/2014 5
Baseline qualifications – A world of change Approximated by the percentage of persons
with ISCED 3 qualficati...
12/03/2014 6
Growth in university-level qualifications - Approximated by the percentage of persons
with ISCED 5A/6 qualfic...
12/03/2014 7
The earnings advantage of education- Relative earnings of 25-64-year-olds with
income from employment (upper ...
12/03/2014 8
Enhancements in human capital contribute to labour productivity growth
Average annual percentage change (1990...
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Open education

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Open education

  1. 1. 12/03/2014 1 Open Education and the Open Knowledge Economy Michael A. Peters University of Illinois at Urbana- Champaign
  2. 2. 12/03/2014 2 The Knowledge Revolution  Seven key elements of “Knowledge Revolution”  Increased codification of knowledge and development of new technologies  Closer links with science base/increased rate of innovation/shorter product life cycles  Increased importance of education & up-skilling of labor force, and life-long learning  Investment in Intangibles (R&D,education, software) greater than Investments in Fixed Capital in OECD
  3. 3. 12/03/2014 3 The Knowledge Revolution -2  Greater value added now comes from investment in intangibles such as branding, marketing, distribution, information management  Innovation and productivity increase more important in competitiveness & GDP growth  Increased Globalization and Competition  Trade/GDP from 38% in 1990 to 57% in 2001  Value added by TNCs 27% of global GDP  Constant Change and Competition Implies Need for Constant Restructuring and Upgrading
  4. 4. 12/03/2014 4 Enhancing contributions of public research Old model: Funding basic research  Government funding of basic research, often though institutional funding (i.e., block grants).  Universities have autonomy in setting research objectives New model: Governing the science system  Link government funding to social and economic objectives  Priority-setting  New funding  Universities accountable for research spending and results  Competitive awards  Evaluation (ex-ante, ex- post).  Encourage multi-disciplinary research and links to industry  Centres of excellence  Public/private partnerships
  5. 5. 12/03/2014 5 Baseline qualifications – A world of change Approximated by the percentage of persons with ISCED 3 qualfication born in the period shown below (2004) 0 10 20 30 40 50 60 70 80 90 100 UnitedStates CzechRepublic Switzerland Germany Norway Denmark Canada Sweden Austria Japan NewZealand SlovakRepublic UnitedKingdom Finland Netherlands Hungary Luxembourg Australia France Iceland Belgium Poland Ireland Korea Greece Italy Spain Turkey Mexico Portugal 1940-49 1950-59 1960-69 1970-79
  6. 6. 12/03/2014 6 Growth in university-level qualifications - Approximated by the percentage of persons with ISCED 5A/6 qualfication born in the period shown below (2004) 0 10 20 30 UnitedStates Netherlands Denmark Norway Canada Sweden Iceland Australia Switzerland UnitedKingdom Finland Germany Japan1 France Ireland Spain NewZealand Luxembourg SlovakRepublic Korea Greece Belgium Mexico Austria OECDaverage EU19average 1940-49 1950-59 1960-69 1970-79
  7. 7. 12/03/2014 7 The earnings advantage of education- Relative earnings of 25-64-year-olds with income from employment (upper secondary education=100) 60 80 100 120 140 160 180 200 220 240 Australia Belgium Canada CzechRepublic Denmark Finland France Germany Hungary Ireland Italy Korea Luxembourg Netherlands NewZealand Norway Poland Spain Sweden Switzerland UnitedKingdom UnitedStates OECD Males below upper sec Females below upper sec. Males Tertiary-B Females Tertiary-B Males Tertiary-A Females Tertiary A
  8. 8. 12/03/2014 8 Enhancements in human capital contribute to labour productivity growth Average annual percentage change (1990-2000) -2 -1 0 1 2 3 4 5 Ireland Finland Sweden Denmark Portugal Australia UnitedStates UnitedKingdom Italy Norway Germany Canada France Netherlands NewZealand Hours worked Level of education Hourly GDP per efficient unit of labour Labour productivity

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