Educational reforms needed for creation of knowledge economy: a case study of Punjab Pakistan

Sajida Parveen; Babak Mahmood; Ayesha Chuadhry; Muhammad Shahzad Iqbal

Sajida Parveen Department of Sociology, Govt. College University, Faisalabad
Babak Mahmood Department of Sociology, Govt. College University, Faisalabad
Ayesha Chuadhry Department of Sociology, Govt. College University, Faisalabad
Muhammad Shahzad Iqbal Department of Management sciences, National Textile University Faisalabad

Keywords: Knowledge economy, Educational institutions, Access to knowledge, Rich infrastructure, Funds, Incentives, Research and Development, Human Capital Development, Collaboration with Industry

Abstract

In current era the economic growth depends on the creation of knowledge economy and production and distribution of knowledge has become the critical element of economic development. Educational institution play key role in creation and distribution of knowledge. So, the prime objective of the research was to find out the reforms which can help educational institutions to create knowledge economy. Both the qualitative and quantitative approaches were used to collect the data. Teachers, students, and administrators were selected from the both private and public educational institutions of the Punjab, Pakistan. FGDs were arranged to collect the qualitative data and the quantitative data was gathered by survey method. The collected information was analyzed by using descriptive statistics techniques. Access to knowledge, rich infrastructure, funds, incentives, research and development, human capital development and collaboration with the industry are the suggested ways by the respondents to increase the creation of knowledge economy through the educational institutions of Pakistan.

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Author Biographies

Sajida Parveen, Department of Sociology, Govt. College University, Faisalabad

Ph. D Scholar, Department of Sociology, Govt. College University, Faisalabad

Babak Mahmood, Department of Sociology, Govt. College University, Faisalabad

Associate Professor, Department of Sociology, Govt. College University, Faisalabad

Ayesha Chuadhry, Department of Sociology, Govt. College University, Faisalabad

Assistant Professor, Department of Sociology, Govt. College University, Faisalabad

Muhammad Shahzad Iqbal, Department of Management sciences, National Textile University Faisalabad

Assistant Professor, Department of Management sciences, National Textile University Faisalabad

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