BBC News - Battle of the knowledge superpowersGrads.jpgOriginally Posted by BBCKnowledge is power - economic power - and there's a scramble for that power taking place around the globe.
In the United States, Europe and in rising powers such as China, there is a growth-hungry drive to invest in hi-tech research and innovation.
They are looking for the ingredients that, like Google, will turn a university project into a corporation. They are looking for the jobs that will replace those lost in the financial crash.
Not to invest would now be "unthinkable", says Maire Geoghegan-Quinn, the European Commissioner responsible for research, innovation and science, who is trying to spur the European Union to keep pace in turning ideas into industries.
She has announced £6bn funding to kick-start projects next year - with the aim of supporting 16,000 universities, research teams and businesses. A million new research jobs will be needed to match global rivals in areas such as health, energy and the digital economy.........
As an example of a success story, Mr Muehlfeit highlighted South Korea. A generation ago they deliberately invested heavily in raising education standards. Now, as a direct result of this upskilling, the West is importing South Korean cars and televisions, he said.
The triangle of innovation, education and skills is of extreme importance, defining both the problem and the solution. Perhaps it is not a coincidence that South Korea's government has its own dedicated knowledge economy minister."