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3.4.2 Knowledge Economy Through OBE

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It is said that the world will be dominated or ruled by a knowledge economy, rather than the traditional economy indicated by gross domestic product (GDP). OBE has all potential to transform the youth of any nation into a competent workforce or knowledge agents that would be responsible for driving the major components of growth and indicators of the world. Therefore, OBE empowers the nation indirectly to become a knowledge economy, which becomes a further major reason for all‐round growth in a professional and national sense. The salient characteristics of a knowledge economy nation are:

 Skilled workforce

 Demonstrable learning outcomes in graduates

 Lifelong learning attitude

 Self‐awareness and improvement

 Learning from experience and revisiting the goals

 Competency development

If an organization or a nation has the OBE system satisfying all the above attributes, then the knowledge economy will not be very far from the SDG 4. Thus, OBE, through pragmatic examples and best practices shows how an individual or an organization can incorporate sustainability in their growth by gaining the attributes with the help of this outcome‐based mechanism.

The Wiley Handbook of Sustainability in Higher Education Learning and Teaching

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