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Knowledge Transformation and Economic Development: The Role of Digital Technology- An Analysis

Author

Listed:
  • Gobind M. Herani
  • Riaz Ahmad Shirazi

    () (Indus Institute of Higher Education, Karachi)

  • Mr. Noor Zaman

    (Institute of Business & Technology (Biztek),)

Abstract

This paper assesses the role of evolutionary process in knowledge transformation and economic development, especially due to emerging diversified digital technology. Everywhere, in the world, ever-advancing digital technology is performing a revolutionary role in converting the world into a global village. The knowledge, scientific and non-scientific, is being transformed with an enormous speed through digital media. Getting education through technology is providing audio-visual way of enhancing knowledge. But digital technology has its positive and negative affects. It needs some positive steps to ensure the qualitative knowledge transformation. In this article copyrights of accessing computerized data is also discussed, which prevents legal transformation of knowledge for globalisation of the world, research based education, and economic development. There different views of different. Learned authors have presented different views for reflection and deeper understanding. This study, with brief history of knowledge transformation, is worthy of fruitful suggestions.

Suggested Citation

  • Gobind M. Herani & Riaz Ahmad Shirazi & Mr. Noor Zaman, 2007. "Knowledge Transformation and Economic Development: The Role of Digital Technology- An Analysis," Indus Journal of Management & Social Science (IJMSS), Department of Business Administration, vol. 1(1), pages 33-45, June.
  • Handle: RePEc:iih:journl:v:1:y:2007:i:1:p:33-45
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    File URL: http://indus.edu.pk/RePEc/iih/journl/3-KnowledgeTransformationandEconomicDevelopment.pdf
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    1. Gobind M. Herani & Riaz Ahmad Shirazi & Mr. Noor Zaman, 2007. "Knowledge Transformation and Economic Development: The Role of Digital Technology- An Analysis," Indus Journal of Management & Social Science (IJMSS), Department of Business Administration, vol. 1(1), pages 33-45, June.
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    Cited by:

    1. Gobind M. Herani & Riaz Ahmad Shirazi & Mr. Noor Zaman, 2007. "Knowledge Transformation and Economic Development: The Role of Digital Technology- An Analysis," Indus Journal of Management & Social Science (IJMSS), Department of Business Administration, vol. 1(1), pages 33-45, June.
    2. Abdur Raheem, Syed & Akber, Fahad & Hashmi, Umair, 2013. "Aspects and Importance of Digital Media in Pakistan," MPRA Paper 46435, University Library of Munich, Germany.
    3. Gobind M. Herani & Pervez Wasim & Allah Wasayo Rajar & Riaz Ahmed Shaikh, 2008. "The Nature of Poverty and Its Prospects: Pakistan Evidence," Journal of Global Economy, Research Centre for Social Sciences,Mumbai, India, vol. 4(3), pages 184-195, September.
    4. Herani, Gobind M., 2007. "Computerized National Identify Card, NADRA KIOSKs and its prospects," MPRA Paper 6328, University Library of Munich, Germany.
    5. Kashif Riaz & Syed Karamatullah Hussainy & Hamza Khalil & Gobind M. Herani, 2008. "Factors Influencing Students' Learning at KASB Institute of Technology," KASBIT Business Journals, Khadim Ali Shah Bukhari Institute of Technology (KASBIT), vol. 1, pages 61-74, December.

    More about this item

    Keywords

    Technology; Knowledge; Transformation; Scientific-Data; Research; Fair- Extract; Revolution and Low-Cost economic development.;

    JEL classification:

    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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