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It is and will be knowledge.”1 Knowledge is the driving force of today’s economy. Due to its increasing returns, it ensures that the economy will continuously expand. This is explained by the New Growth Theory, that the marginal product of human capital is constant rather than diminishing. To establish a knowledge-based economy it is essential to form a Creative Class that is comprised of individuals who utilise their intellectual capital and aid in the formation of a creative economy. To foster the rise of the Creative Class, a high-quality education system and lifelong learning need to be developed and maintained...
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