Symposium on educating for the modern global economy
Events of recent years have surely erased any remaining doubts about the interconnectedness of the world's economies. From the credit crises in the US and EU to the increasing frequency of natural disasters around the world, and social unrest in the Middle East, the economic waves of local problems have made themselves felt to individual citizens in nearly every corner of the globe. Such perceptions can easily lead to protectionism and xenophobia without a degree of greater understanding, but even describing the global economy is highly complex and weaves together a multitude of factors including interstate flows of trade, investment, human-capital, and much more. The items of value being traded have evolved as well with service industries on the rise in many countries and national policies around the world looking to encourage the development of intellectual property, innovation and "knowledge economies." With change inevitable and globalization obvious, how can the next generation be prepared to compete in these foreign and uncertain conditions? How do universities, colleges, vocational schools, and other institutes of higher education assess the future needs of their students, nations, and the world and react appropriately? How can all students, regardless of specialization, be best prepared for a globalized workplace? And what role do partnerships, both internationally and with the private sector, play in preparing students for a global knowledge economy?