Write 5 pages with APA style on The Knowledge-Based Economy. One of the significant arguments that support the thesis is that students who have received a higher degree from the top universities fail to possess adequate practical knowledge of the professional world. Moreover, it is to be noted that students also fail to gather the essential practical experiences from the universities required in the professional domain. Although the universities provide a basic understanding of the subjects, it fails to give the holistic knowledge that is helpful for the professional tasks (“The Knowledge-Based Economy”).  .
This is prominently observed among the financial management students. Universities provide all the basic knowledge of stock share trading to students, but through this knowledge, the student would not operate the trading in the corporate. This is because students might be unaware of the current stock values, recent trends, and many more. This would not make the student as efficient as an experienced candidate even though he/she possesses a higher degree from some of the world’s top universities. Therefore, it can be stated that a lack of practical knowledge and exposure is one of the reasons why students are unable to perform effectively in the corporate even though they have degrees (“The Knowledge-Based Economy”).
Another critical aspect of the argument that favors the thesis is that universities can provide technical and fundamental knowledge to the students. However, it is to be noted that the inborn skills cannot be nurtured or enhanced by proper supplement of expertise from the universities. Therefore, this would lead the student to be deprived of suitable jobs as universities do not improve their talent. Also, the lack of expertise skills might result in an underpaid salary compared to a student who has lower marks. In the professional world, the requirement of talent and knowledge towards the task is essential. The most important criteria are the execution of the labor required to be done in a professional environment. This study’s performance would result in the organization’s objective, and the individual itself depends upon the inborn skill that he/she possesses (“What are essential skills?”).
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