AITM Seminars >> 1st Amrit Prasad Memorial Lecture: “Building Knowledge Economy: Role of Knowledge-based Institutions” by Dr. Bindu Nath Lohani

 

NEF-CCN and AITM jointly organized 1st Amrit Prasad Pradhan Memorial Lecture on “Building a Knowledge Economy: The Role of Knowledge-based Institutions” on 18 June 2013 in its seminar hall in AITM Building. Dr. Bindu Nath Lohani, a distinguished Vice-President of the Asian Development Bank (ADB) for Knowledge Management & Sustainable Development and AIT alumnus, delivered the lecture on this important topic. Prof. Dr. Sudarshan Raj Tiwari, Co-Chairperson of AITM Academic Council chaired the session. Many senior distinguished personalities, AIT alumni, faculty and students attended the lecture.

Title: “Building Knowledge Economy: Role of Knowledge-based Institutions”
Speaker: Dr. Bindu Nath Lohani, Vice-President of Asian Development Bank
Date: June 18, 2013

Over the past three decades Asia’s extraordinary rise on the global stage has been driven, to a large degree, by its emergence as the world’s low cost, high output factory. But, in recent years we have seen countries strive to become more diversified to be able to sustain growth in face of strains on resources and changing workforce.

Transforming countries once dependent on unskilled labor and natural resources into knowledge economies is now seen as the most sustainable way of driving growth while providing citizens with higher incomes and more fulfilling work. It is also the key to Asia realizing its full potential this century, and avoiding the ‘middle income trap’ which has befallen other developing regions. Building a knowledge economy is one key way to move into a higher income and competitive economy, and avoiding the middle income trap.

There are several other questions that can be considered. What is the role of knowledge institutions in building knowledge economies? What kind of workforce is needed for a knowledge economy, and how knowledge institutions contribute to this? On a broader note, what investment do countries need to make to become knowledge economies? Is there a role for governments and international development institutions to support knowledge economies in Asia? What new thinking is needed? These are some of the questions that this lecture will shed light on.

Ultimately, knowledge is the lynchpin of Asia’s future. It is the key to creating robust economies the region will need to compete and ensure its people a better quality of life.