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Evolution of Universities in the Knowledge Economy
Universities in the West have historically prepared students for the knowledge economy, evolving from focusing on theology, law, and medicine to a broader scope as the economy expanded. In the past, universities were elite spaces for deep thinking, but with the rise of the knowledge economy in the late 19th century, universities became central for social mobility and access to prestigious roles. As a result, universities have shifted towards preparing graduates for specific roles in the knowledge economy, fundamentally changing the nature of these institutions.