A knowledge economy widely uses knowledge for the country’s growth and development process. Knowledge economy is closely linked with science and technology, innovation, research and development. Most countries recognize the importance of scientific and technological progress for economic growth and greater social well-being. For example, patent data shows a wave of innovation in all member countries of the Organization for Economic Co-operation and Development (OECD), across many technology fields, particularly in ICT and bio-technology.
Recognizing the importance of science literacy, the OECD’s Program for International Student Assessment (PISA) has selected scientific literacy, which refers to both knowledge of science and science-based technology, as the major domain for the 2015 PISA assessment.
Rise in the demand
In Sri Lanka too there’s a high demand for science and technology skills due to the structural changes that are taking place in the economy.
