Publication > Part III: Policies for the future > TT2
Knowledge is utilised by specialist workers who work in global teams. Location is not of crucial importance and knowledge sharing is an international phenomenon, not so much dependent on the exact location of economic activity. Innovation target the direct application of knowledge in goods and services in a competitive environment. Strong competition induces creative destruction.
The policy challenge in the area of education is to select early. Based on early-age test scores, schools have to place high-ability pupils together in one class to optimally utilise all talent. Cities have there own specialisation and target certain types of education. It is important that children finish their education, because it is in this scenario more than ever the entrance to a successful career. Higher education is competitive and universities select the best students.
Talent Towns (Knowledge economy)
The world of talent towns distinguishes itself by wide-ranging virtual cooperation in global networks, highly productive teams of specialists, small cities and intense competition.Knowledge is utilised by specialist workers who work in global teams. Location is not of crucial importance and knowledge sharing is an international phenomenon, not so much dependent on the exact location of economic activity. Innovation target the direct application of knowledge in goods and services in a competitive environment. Strong competition induces creative destruction.
The policy challenge in the area of education is to select early. Based on early-age test scores, schools have to place high-ability pupils together in one class to optimally utilise all talent. Cities have there own specialisation and target certain types of education. It is important that children finish their education, because it is in this scenario more than ever the entrance to a successful career. Higher education is competitive and universities select the best students.