Open Access BASE2021

Towards a New Economy: Education, Knowledge and Innovation, the new catalysts for growth. Comparative study between Morocco and Singapore

Abstract

The worldwide economy is evolving in an unstable environment, characterized by quick changes that companies, governments, and other entities must adapt. This daunting challenge requires certain vigilance and permanent updates to hope climb the ladder and grow. The new global context emphasizes knowledge, technological revolutions, innovation, all of them have a strongly intangible character, and we are talking about a new economy "The knowledge economy". Given this observation, an economic and social emergence based on education, knowledge and innovation is highly recommended to fit into this model of development. Based on this premise, the primary objective of this article is to draw a parallel between the achievements of the Kingdom of Morocco in terms of education, innovation and knowledge, and those of Singapore, knowing that any breach at this level could generate failures in the development of a country. Therefore, it will be a question of clarifying and understanding the model adopted by the two aforementioned countries, which takes into consideration intangible capital, particularly knowledge, by giving a primary importance to education, from a qualitative point of view. Finally, Morocco has a lot to achieve in order to subscribe to this logic based on education, as being globally the catalyst for development.

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