Knowledge-based Economy: A New Approach
AbstractThere is a growing belief that knowledge can do more than increasing the economic growth; it can also lead to structural change in an economy and therefore in society. Such change differs from the incremental changes to which all economies are constantly subjected. Today, the new products and services resulting from technology growth may bring about profound changes in the way we live and work. Therefore, the economic transition is characterized by the changing nature of work from low skill to high skill. This is reflected in the rapid growth in the services sector since 1960s and recent changes in the goods-producing sector towards employing higher-skilled employees. The need for Knowledge-based Economy (KBE) is use of knowledge as the main driver of growth, wealth creation and employment across all industries. Rather, all industries in the economy can be knowledge intensive, including so called ‘old economy’ industries like mining and agriculture. Further, the knowledge required by a knowledge-based society is wider than purely technological knowledge; for example it also includes cultural, social and managerial knowledge. The paper presents the emergence of KBE and its impact on India by discussing two parameters: education and Information & Communications Technologies (ICTs).
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by IUP Publications in its journal The IUP Journal of Managerial Economics.
Volume (Year): I (2003)
Issue (Month): 2 (November)
Contact details of provider:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (G R K Murty).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.