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Deliberate on the role of knowledge creation, innovation and human development in growth.

Topic : GS-2: Government policies and interventions for development in various sectors and issues arising out of their design and implementation

GS-3: Science and Technology- developments and their applications and effects in everyday life.

4. Deliberate on the role of knowledge creation, innovation and human development in growth. (250 words)

Reference: Financial Express 

Why the question:

The article explains in what way knowledge impacts society.

Key Demand of the question:

One must deliberate on the role of knowledge creation, innovation and human development in growth.

Directive:

Deliberate – Weigh up to what extent something is true. Persuade the reader of your argument by citing relevant research but also remember to point out any flaws and counter- arguments as well. Conclude by stating clearly how far you agree with the original proposition.

Structure of the answer:

Introduction:

Start by appreciating the fact that the differences in levels of prosperity across nations depend on the amount of knowledge that society holds.

Body:

Explain first the fact that national prosperity is always created, and rarely is inherited. It grows out of the quality of education the country adopts. It grows out of the labour pool, transparency in administration and its currency’s value.

With relevant examples and case studies explain the role of knowledge creation, innovation and human development in growth.

For instance present the case of education in Singapore and its contributions to its growth.

Briefly talk about the concept of ‘knowledge society’.

Conclusion:

Conclude by stating how a knowledge society values and acknowledges the impactful role and contribution of knowledge in pursuit of socio-economic development.