Enhancing Educational Systems on Creating Job Opportunities by Promoting Knowledge-Based Economy in the Sultanate of Oman
DOI:
https://doi.org/10.48161/qaj.v4n4a1228Abstract
Education is the foundation of progress, development, and the growth of individuals and societies. Knowledge-based education plays a significant role in enhancing educational systems, resulting in improved learning outcomes, enriched knowledge, job creation, and reduced unemployment. It also supports the alignment between educational outcomes and labor market needs by continuously adapting to innovations and advancements. In Oman, the educational system is governed and developed using modern technologies, in alignment with Oman Vision 2040. This research outlines strategies and methods to strengthen knowledge-based education in Oman, with the goal of reducing unemployment and providing suitable job opportunities for Omanis across various sectors. This approach heavily depends on the production and utilization of knowledge and information as key resources for economic growth, addressing gaps and shortcomings in the application of the knowledge economy. The proposed model involves leveraging technology, improving education, and fostering research and development with modern technologies and artificial intelligence tools to enhance educational systems and generate employment opportunities. The study aims to explore how education can contribute to reinforcing the knowledge economy in Oman by advancing educational systems and creating new jobs, focusing on the challenges and opportunities within the framework of Oman Vision 2040, which seeks to achieve sustainable economic growth. Additionally, the research discusses differences in averages among respondents' educational qualifications, with the highest average recorded for PhD holders at approximately 4.5% that holders of these qualifications are the ones who can be relied upon to convey and disseminate the culture of the knowledge economy among university and college students. The lowest for diploma holders is at less than 4.2%. The statistical significance (sig.) of the distribution of differences between groups was 0.926% for the first item, 0.601% for the second item, and 0.019% for the third item. The F-statistic in the ANOVA analysis revealed varying percentages, indicating different impacts of the studied factors on improving education and promoting the knowledge economy in Oman.
Downloads
References
Ahmed, A. A. B. M. (2019). The role of information technology in achieving economic growth: A comparative study between China and Malaysia. Journal of Commercial Studies and Research, 39(4), 837–880.
Ajiji, K. A., Abu Khuzam, F. M., & Abu Janah, N. A. J. (2021). Digital transformation and its impact on developing the Libyan business sector: Reality and prospects. Journal of Economic Studies, 4(4), 48–74.
Barbakh, M. M. T., & Tanira, M. H. (2020). The impact of investment in information and communication technology on the unemployment rate in Palestine 2000–2016. Journal of Economic and Administrative Sciences, 21(1), 72–87.
Turbash, M., Qadri, R., & Mir, A. (2018). The importance of a knowledge economy in improving the competitiveness of economic institutions: A field study in the corn processing corporation in Maghnia. Journal of Development and Applied Economics, (3), 60–78.
Jarallah, K., & Boukhnour, I. (2023). Promoting the knowledge economy in Algeria: A study on the role of investment in research and development. Algerian Journal of Law and Political Science, 8(1), 794–815.
Al-Haj Ali, A. B. S. A., Mustafa, A. A. A. G., & Zubair, A. S. O. (2022). The importance of digital technology in enhancing university education in the light of the COVID-19 pandemic. Rimah Journal of Research and Studies, 69, 223–256.
Zerman, K., & Hernan, N. (2020). The importance of a knowledge economy in the era of information technology: Indicators and measurement methodology. Arab Journal of Special Education, 12, 77–89.
Salouti, H., & Basri, R. (2018). The importance of the knowledge economy in achieving economic development: The case of Algeria. Egyptian Journal of Information Sciences, 5(2), 289–318.
Said Ahmed, H. M., & Abdul Fattah, A. M. B. (2020, October 10–11). The impact of digital transformation on organizational restructuring. Digital Transformation Conference, Cairo, Egypt.
Sagour, F., & Khalil, D. (2022). The role of higher education within the knowledge economy according to the global knowledge index: The case of Algeria. Journal of Research and Development Studies, 9(1), 396–410.
Abdullah, A. Y. M. A. (2022). The role of the knowledge economy in enhancing economic development efficiency: An analytical study on the Egyptian economy. Journal of Contemporary Business Studies, 14, 246–279.
Fayrouz, N. A. A. (2022). Requirements for rational investment in Yemeni higher education to build a knowledge-based national economy. Andalus Journal for Humanities and Social Sciences, 57, 196–245.
Mziyan, S., & Laftaha, N. A. (2023). The knowledge economy and the university: A study on the role of universities in knowledge investment. Algerian Journal of Law and Political Science, 8(1), 135–153.
Alattiq, M. J. (2023). Evolving role of higher education & leadership development in a knowledge-based economy: Analysing the Saudi Arabian context. Industry and Higher Education. Advance online publication.
Bain, O., & Cummings, W. K. (2021). Higher education in the era of knowledge economy. The Changing Academy – The Changing Academic Profession in International Comparative Perspective.
Budrin, A., Soloveva, D., Bylugina, A., Shatokhina, D., & Vorobeva, A. (2020). Integrated educational projects as a method of human capital development in the knowledge economy. IOP Conf. Series: Materials Science and Engineering, 940, 012102. IOP Publishing.
Kravchenko, O., & Karpych, I. (2022). Integration of employers' and higher education institutions: Local experience. International Scientific Journal of Universities and Leadership, 13, 37–45.
Michael, W. (2023). Digital transformation of higher education and twenty-first-century skilling in Sub-Saharan Africa: Potentials and challenges. In Daniel, B. K., & Bisaso, R. (Eds.), Higher education in Sub-Saharan Africa in the 21st century. Springer, Singapore.
Moisio, S. (2023). Knowledge economy: Spatial approaches. OBO in Geography.
Oluwatobi, S., Olurinola, I. O., Alege, P. O., & Ogundipe, A. (2018). Knowledge-driven economic growth: The case of Sub-Saharan Africa. Contemporary Social Science: Journal of the Academy of Social Sciences, 15(9), 1–20.
Okolie, U. C., Nwajiuba, C. A., Eneje, B., Binuomote, M. O., Ehiobuche, C., & Hack-Polay, D. (2021). A critical perspective on industry involvement in higher education learning: Enhancing graduates’ knowledge and skills for job creation in Nigeria. Industry and Higher Education, 35(1), 61–72.
Parveen, S., Mahmood, B., Siddiqui, S., & Mushtaq, M. (2021). Role of higher education in creation of knowledge economy in Punjab, Pakistan. Revista Amazonia Investiga, 9(36), 38–50.
Pokrovskaia, N. N., Ababkova, M. Y., & Fedorov, D. A. (2019). Educational services for intellectual capital growth or transmission of culture for transfer of knowledge—Consumer satisfaction at St. Petersburg universities. Education Sciences.
Tan, S. (2023). Harnessing immersive technologies for innovation in teaching and learning. In Learning Intelligence: Innovative and Digital Transformative Learning Strategies.
The Times Higher Education. (2023). World university rankings 2024 methodology: Methodology for overall and subject rankings for the Times Higher Education World University Rankings 2024.
Tiwari, N. (2022). Indian higher education policy, practice and economics. Social Science Journal for Advanced Research, 2(4), 1–3.
Tudor, S., Cilan, T. F., Năstase, L. L., Ecobici, M. L., Opran, E. R., & Cojocaru, A. V. (2023). Evolution of interdependencies between education and the labor market in the view of sustainable development and investment in the educational system. Sustainability, 15(5), 3908.
Širá, E., Vavrek, R., Kravčáková Vozárová, I., & Kotulič, R. (2020). Knowledge economy indicators and their impact on the sustainable competitiveness of the EU countries. Sustainability, 12(10), 4172.
Sysoeva, E. A., Zhukova, V., & Shirokova, L. V. (2023). Aspects of implementation of models of interaction between career centers of universities and industrial enterprises in the conditions of labor market transformation. Èkonomika v promyšlennosti, 16(2), 110–118.
Shehada, S. (2021). The role of the knowledge economy in achieving quality higher education in Egypt. =
Wirba, A. (2022). Transforming Cameroon into a knowledge-based economy (KBE): The role of education, especially higher education. Journal of the Knowledge Economy, 13(2). =
Wassila, I. (2022). Recent trends in the transformation of the knowledge economy. International Journal of Humanities and Language Research, 5(1), 26–35.
Whitehouse, S., & Galalae, C. (2023, December). Opportunities for promoting societal inclusion through higher education cultural and creative industries courses: Evidence from UK business schools. Industry and Higher Education. Advance online publication.
Zhakhanova, Z. (2020). The role of universities in human capital development in the course of innovative development of economy. Bulletin of Turan University.
[Zhukova, V. S. (2023). Integration of the labor market and the institute of education as a factor of socio-economic development of regions: Foreign experience. Proceedings of the Southwest State University Series Economics Sociology and Management, 13(4), 279–287.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Qubahan Academic Journal

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.