“Whatever the outcome, the pressures to advance our education system will continue to be intense. As the conceptual share of the value added in our economic processes expands further, the ability to think abstractly will be increasingly important across a broad range of professions. Critical awareness and the abilities to hypothesize, to interpret, and to communicate are essential elements of successful innovation in a conceptual-based economy.”
Remarks by Chairman Alan Greenspan
Structural change in the new economy
Before the National Governors’ Association, 92nd Annual Meeting, State College, Pennsylvania July 11, 2000
At Melbourne Polytechnic, we have established a transformational concept in education. Rather than relying on books and recall alone, we have placed the world’s innovations and innovators into each classroom. Whether it’s a professional discipline or a social impulse, our students and faculty can work together to learn what is the up-to-the-minute state of the art and see the progression of innovation getting us to this moment. Equipped with this information, students, faculty and collaborators can work together to apply the world’s leading innovation into contexts that make a difference in everyday life.
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Last Modified: October 14, 2016