ABSTRACT

This chapter draws from the key findings of a doctoral dissertation, focusing on cultural strategies within knowledge-based economies (KBEs). It employs the critical cultural political economy of education (CCPEE) theoretical framework to analyze the cultural strategies underlying the development of the dominant models of KBEs through higher education reforms. The urge to develop KBE has led to the formulation of different models, and several multilateral and international organizations have designed their own models or frameworks. The Economic Cooperation and Development's KBE model entails benefitting from Information and Communication Technology, harnessing the potential for innovation and technology diffusion, enhancing human capital and realizing its potential, evaluating economic situations and fostering firm creation and entrepreneurship. Knowledge production occurs within the research and innovation system, which produces knowledge and transforms it into new, usable materials, products, devices or processes. Knowledge application and utilization require the use of knowledge in socioeconomic and natural sectors ranging from primary to quinary sectors.