A Focus Group Discussion on Creation of Knowledge Economy in Punjab, Pakistan

Abstract

World is moving from traditional economy to modern economy with more focus on knowledge. The creation of new knowledge is mandatory for developing any country economically. Institutions play important role in this transition. Especially educational institutions are momentous to bring change in existing system and are a major source to create new knowledge. Inductive method is used to understand the state of knowledge creation through educational institutions in Pakistan. Focus group discussions were arranged to collect the data. It is found that the educational institutions of Pakistan are slowly moving towards creations of knowledge economy. Improvements are needed to reform the educational system to create knowledge economy.