Korea and the Knowledge-based Economy

Korea and the Knowledge-based Economy
Author: Carl J. Dahlman
Publisher: World Bank Publications
Total Pages: 160
Release: 2000
Genre: Business & Economics
ISBN: 9780821348819

Korea is a country with limited natural resources, which has developed through a strategy of industrialisation and the economies of scale. However this is being challenged by the rise of knowledge as a principal driver of competitiveness. This book is the result of a joint study by the OECD and the World Bank to develop a comprehensive set of national policy responses to the knowledge revolution. It concentrates on four areas: 1) an institutional and economic regime that provides incentives for the creation of new knowledge and its efficient use; 2) an educated and entrepreneurial population; 3) a dynamic information infrastructure; 4) an efficient system of innovation.

The Age of Discontinuity

The Age of Discontinuity
Author: Peter F. Drucker
Publisher: Elsevier
Total Pages: 380
Release: 2013-10-22
Genre: Social Science
ISBN: 1483165426

The Age of Discontinuity: Guidelines to Our Changing Society describes the discontinuities that are changing the structure and the meaning of economy, politics, and society. Major discontinuities exist in four areas: the knowledge technologies; changes in the world's economy; a society of organizations; and the knowledge society. This book is organized into four parts encompassing 17 chapters. Each part represents the four areas of discontinuities. Part I highlights the growth in major industries and businesses, along with economic policies related to tax incentives. Part II looks into the status of the global economy, the disparity between the rich and poor countries, and the concepts and application of the economic theory demonstrating a closed economy controlled from within by national, monetary, credit, and tax policies. Part III examines the changes in the political matrix of social and economic life. This part deals particularly with the theory of pluralism and organizations, as well as the creation of socio-political reality. Part IV focuses on the changes in the cost center and the crucial resource of the economy. Knowledge changes involve changes in labor forces and work. This book will prove useful to economists, public servants, sociologists, and researchers.

Lifelong Learning in the Global Knowledge Economy

Lifelong Learning in the Global Knowledge Economy
Author:
Publisher: World Bank Publications
Total Pages: 172
Release: 2003
Genre: Education
ISBN: 9780821354759

The growth of the global knowledge economy is transforming the demands of the labour market in economies worldwide. It will require workers to develop new skills and knowledge, whilst education systems will need to adapt to the challenges of lifelong learning, and these changes will be as crucial in transition and developing economies as it is in the developed world. This publication explores how lifelong learning systems can encourage growth, discusses the changing nature of learning and the expanding role of the private sector in education, and considers the policy and financing options available to governments to address the challenges of the global knowledge economy.

Korea as a Knowledge Economy

Korea as a Knowledge Economy
Author: Chung-hae S?
Publisher: World Bank Publications
Total Pages: 204
Release: 2007
Genre: Technology & Engineering
ISBN: 0821372025

Korea's development process offers valuable lessons for other developing and less developed economies. In particular, the way Korea uses outside technologies, by accumulating indigenous capabilities, is still valid in the era of the knowledge economy. This volume examines the Korean model and Korea's march toward a knowledge economy from a poverty-ridden economy before the launch of full-scale industrialization in the early 1960s. It also emphasizes Korea's achievements, as well as remaining tasks within the four pillars of the knowledge economy, with a common theme throughout -- how Korea has narrowed the gaps in its knowledge and institutions in global competition with world leaders.

The Knowledge Economy

The Knowledge Economy
Author: Roberto Mangabeira Unger
Publisher: Verso Books
Total Pages: 305
Release: 2022-06-28
Genre: Political Science
ISBN: 178873498X

Revolutionary account of the transformative potential of the knowledge economy Adam Smith and Karl Marx recognized that the best way to understand the economy is to study the most advanced practice of production. Today that practice is no longer conventional manufacturing: it is the radically innovative vanguard known as the knowledge economy. In every part of the production system it remains a fringe excluding the vast majority of workers and businesses. This book explores the hidden nature of the knowledge economy and its possible futures. The confinement of the knowledge economy to these insular vanguards has become a driver of economic stagnation and inequality throughout the world. Traditional mass production has stopped working as a shortcut to economic growth. But the alternative—a deepened and socially inclusive form of the knowledge economy—continues to lie beyond reach in even the richest countries. The shape of contemporary politics on both the left and the right reflects a failure to come to terms with this dilemma and to overcome it. Unger explains the knowledge economy in the truncated and confined form that it has today and proposes the way to a knowledge economy for the many: changes not just in economic institutions but also in education, culture, and politics. Just as Smith and Marx did in their time, he uses an understanding of the most advanced practice of production to rethink both economics and the economy as a whole.

The Knowledge Capital of Nations

The Knowledge Capital of Nations
Author: Eric A. Hanushek
Publisher: MIT Press
Total Pages: 275
Release: 2023-08-15
Genre: Business & Economics
ISBN: 026254895X

A rigorous, pathbreaking analysis demonstrating that a country's prosperity is directly related in the long run to the skills of its population. In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann argue that message has become distorted, with politicians and researchers concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school provides a very misleading picture of how skills enter into development. Hanushek and Woessmann contend that the cognitive skills of the population—which they term the “knowledge capital” of a nation—are essential to long-run prosperity. Hanushek and Woessmann subject their hypotheses about the relationship between cognitive skills (as consistently measured by international student assessments) and economic growth to a series of tests, including alternate specifications, different subsets of countries, and econometric analysis of causal interpretations. They find that their main results are remarkably robust, and equally applicable to developing and developed countries. They demonstrate, for example, that the “Latin American growth puzzle” and the “East Asian miracle” can be explained by these regions' knowledge capital. Turning to the policy implications of their argument, they call for an education system that develops effective accountability, promotes choice and competition, and provides direct rewards for good performance.

Knowledge, Productivity, and Innovation in Nigeria

Knowledge, Productivity, and Innovation in Nigeria
Author: Ismail Radwan
Publisher: World Bank Publications
Total Pages: 192
Release: 2010-03-09
Genre: Business & Economics
ISBN: 0821381970

Nigeria has a bold national vision of becoming one of the world s top 20 economies by 2020. However, despite being the 8th most populous country in the world, it ranks 41st in terms of GDP and 161st in terms of GDP per capita. Nigeria has long depended on oil for its exports and government revenues. This dependence has led to rent seeking and a reluctance to examine potential avenues for economic diversification. The authors of 'Knowledge, Productivity, and Innovation in Nigeria' believe that the goal of becoming a top-twenty economy can only be achieved if Nigeria makes the transition to a new economy rooted in the 21st century that harnesses the power of knowledge and avoids a static oil-based growth strategy. Knowledge has always been central to development, but new technologies have made it globally accessible. Countries such as the Republic of South Korea, India, and the United States that have exploited new technologies and know-how have pushed their innovation and productivity frontiers. Countries that have failed to do so risk remaining mired in poverty. In order to achieve Vision 2020, Nigeria must move beyond the stop-start patterns of oil-based development that have characterized it since independence. It must create a stable and prosperous economy based on a critical mass of knowledge workers. Knowledge, Productivity, and Innovation in Nigeria examines how Nigeria can prepare for this century and where its leaders can focus to achieve their vision, presenting the experiences of other countries from which Nigeria can learn.

The Knowledge Economy

The Knowledge Economy
Author: Dale Neef
Publisher: Butterworth-Heinemann
Total Pages: 296
Release: 1998
Genre: Business & Economics
ISBN:

What is this knowledge-based economy? Is it really new or unique? What are its effects, and what does it mean to us? In order to help answer those questions, this anthology has been compiled as a means of providing answers for anyone in business or the public policy-making fields who would like to know what academics and economists are talking about when they refer to the knowledge-based economy. It is a collection of articles dealing with the most important developing themes in this area: *The shift in employment from "brawn to brains" *The effect that "knowledge elitism" may have on public policy concerning education and training, wealth disparity and social exclusion *Organizational changes brought about by the new breed of "knowledge workers" functioning in the new high-performance workplace *Computing, telecommunications, globalization, and the interconnected economy Using seminal articles from a variety of sources, this volume is intended to be a primer for introducing the reader to all aspects of the knowledge-based economy. Dale Neef is a political economist and a knowledge management specialist with extensive academic and commercial experience in both North America and Europe. He earned his Ph.D. in Economic History from the University of Cambridge, was a Research Fellow at Harvard University, and currently works with Ernst & Young's Center for Business Innovation researching issues surrounding knowledge management and the knowledge-based economy. He divides his time between writing, lecturing, and consultancy. Part of the series Resources for the Knowledge-Based Economy Introduces the reader to all aspects of the knowledge-based economy Uses seminal articles from a variety of sources

Knowledge-Based Social Entrepreneurship

Knowledge-Based Social Entrepreneurship
Author: Mitt Nowshade Kabir
Publisher: Springer
Total Pages: 372
Release: 2019-02-22
Genre: Business & Economics
ISBN: 1137348097

Social entrepreneurship is on the rise and social enterprises are solving some of the most critical and enduring social problems by using innovative, pragmatic and sustainable business models. Access to knowledge thanks to the Internet and rapid expansion of the knowledge economy are opening new opportunities for social ventures. With knowledge-based social entrepreneurship where knowledge is the primary resource, more pressing social problems can be addressed by using advanced technologies. This book investigates this emerging concept, possibilities that it holds, its place in today’s economy, and links bridges between knowledge, innovation, and social entrepreneurship. Academics, entrepreneurs, students, and NGOs will find the theoretical and practical information presented in this book extremely valuable.

Cases on Applying Knowledge Economy Principles for Economic Growth in Developing Nations

Cases on Applying Knowledge Economy Principles for Economic Growth in Developing Nations
Author: Piaggesi, Danilo
Publisher: IGI Global
Total Pages: 357
Release: 2022-01-21
Genre: Business & Economics
ISBN: 1799884198

The knowledge economy is the added non-monetary value that society accrues from increased access to data, information, and knowledge in the new, globally connected world. ICT and technology innovation are paving the way for significant economic development opportunities for countries that have embarked in a concerted effort to model their economies according to the knowledge economy principles. Among developing countries, knowledge economy principles are being applied mostly in a sector-wise level, where government intervention with enabling policies coupled with joint efforts by the private sector, academia, and other actors are resulting in durable and sustainable benefits. Cases on Applying Knowledge Economy Principles for Economic Growth in Developing Nations examines cases from developing countries in order to derive an adapted model of knowledge economy that could be applied to developing country conditions. This book contributes to the change of paradigm on how to help developing countries in advancing to better conditions by using ICT-related technology. Covering topics such as learning organizations, green technology, and sustainable organizations, this is a dynamic resource for emerging economies, researchers, students, professors, academicians, and multilateral organizations helping developing countries.