From the course: A Year with Peter Drucker (Blinkist Summary)

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Creating a base of knowledge workers

Creating a base of knowledge workers

- [Instructor] Blink number two, creating a base of knowledge workers in an economy can benefit society as a whole. Let's look at knowledge workers. Where do they come from? And how can they transform society? Education is an important factor. After acquiring knowledge through education, knowledge workers become empowered and rise to positions of leadership in society. For Drucker, the virtue of the knowledge worker was perfectly exemplified by E-Veritas, a Philippines-based electronic trading company. The firm trained uneducated people living in poverty, and some of Manila's poorest districts to work as electronic traders. Through this process, E-Veritas created human capital, in other words, knowledge workers, where it is often needed most at the bottom of the social and economic hierarchy. And thanks to microfinance initiatives organized by E-Veritas, these workers were able later to launch their own small scale…

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