Why Liberal Arts Education
The world is changing rapidly. Many facets of our lives have become digitised, as innovations come up at breakneck speed in today’s world of Information and Communication Technology (ICT), Internet-Plus, Internet of Things (IOT) or Internet of Everything (IOE).
In the ICT economy, the digitisation of production processes has made manufacturing more flexible and CAD/CAM (computer-aided design/manufacturing) possible. The globalisation (real and virtual) of goods, services, capital, information and human resources means that natural comparative advantages may now count less than those acquired or created. Big data, analytics and cloud computing have brought forth new internet communication platforms: B2B (Business to Business), B2C (Business to Consumer), G2C (Government to Citizen), O2O (Online to Offline) and P2P (Peer to Peer), etc.
Liberal arts for the new economy
We can say that we are already moving from the Third to the Fourth Industrial Revolution, with the emergence of 3-D printing or additive manufacturing, intelligent robots, self-driving cars, and enterprises which excel in both scale and scope. A rethink of our educational approach is imperative for the era of ICT, when our human capital has to be multi-skilled and capable of turning information and knowledge into new things, insights or wisdom. Increasingly employers have found the liberal arts education model most suitable for the needs of our time.