When the term "knowledge- based economy" first entered popular discussion " sometime around the early 1980s " the focus was exclusively on scientific, technological, and business leadership. Only gradually did our society come to appreciate the pervasiveness of the knowledge-based economy. It affects not just the demand for high - level technical and entrepreneurial talent but, indeed, the job requirements for virtually all types of work. This growing realization has laid the foundation for broad-scale reforms of education in the United States and many other nations.

Complete Report (1.4MB)

Contents

• Letter from the President
• Feature Essay: 
  Small Steps in the Right Direction? Education Reform in New England
• Bank Highlights
• Board of Directors
• Senior Officers
• New England Advisory Council Members
• Community Development Advisory Council Members
• Financial Statements
• Bank Officers