A FRAMEWORK FOR MAPPING KNOWLEDGE-BASED ECONOMY WITH GRADUATE ATTRIBUTES: AN EDUCATIONAL PERSPECTIVE

Dr. Huda Al Shuaily; Dr. Maria Elisa Linda T. Cruz; Dr. Amando P. Singun; Jr.

Volume : VI, Issue : IX, September - 2017

A FRAMEWORK FOR MAPPING KNOWLEDGE-BASED ECONOMY WITH GRADUATE ATTRIBUTES: AN EDUCATIONAL PERSPECTIVE

Dr. Huda Al Shuaily, Dr. Maria Elisa Linda T. Cruz, Dr. Amando P. Singun, Jr.

Abstract :

The emergence of knowledge-based economy has led many sectors of industry to become more focused on knowledge in the oadest sense of the term. Knowledge-based economy is viewed as a shift into highly developed knowledge and skills with a new combination of content skills, process skills, social skills, entrepreneurial skills, problem solving skills and self-directed skills. Industries have realized that a oad range of abilities and skills are useful to new ways of managing business that require highly cognitive related jobs demanding graduates to become lifelong learners. For this reason, higher education institutions (HEIs) should supply graduates who have the ability to create knowledge content and integrate practical knowledge. The recognition of the importance of HEIs in developing a sound knowledge-based economy has led into the belief that they are strongly needed by industries to be able to meet the changing needs of the labor market.

At present times, knowledge-based economy and the growing demands for highly skilled and educated graduates are essential elements that claim for a paradigm shift in higher education. There are two different paradigms linking knowledge, skills and values which have implications on the relationship of the enterprise and individuals in view of the knowledge-based economy. The first paradigm is on the understanding and application of cognitive, psychomotor and affective abilities of the graduates. The second paradigm is a framework that shows the analysis of how knowledge-based economy is developed which are enhanced through the structural components of foundation of information, communications technology, open innovation, education and knowledge management.

This study explores the above-mentioned paradigms and how graduate attributes and the knowledge-based economy are practically developed and linked. A framework for mapping knowledge-based economy with graduate attributes in relation to the education process, performance indicators, market demands and employability of graduates is proposed.

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