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Challenges of the Knowledge Based Economy in East Asia

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  • Virachai Vongbunsin
  • John Walsh

Abstract

The knowledge-based economy (KBE) is widely considered to be the foundation of the next stage of economic growth, following agriculture, manufacturing and services. Countries seeking to enter the KBE must take care to ensure that their resources ‘particularly human resources ‘ are willing and able to fulfil the roles requested of them. That in turn means that countries must be aware of what challenges and difficulties they will face in taking this next step in development. This paper attempts to outline at the macro-social level the issues involved in this process with a view to identifying an agenda of state-level developmental goals to be tackled.

Suggested Citation

  • Virachai Vongbunsin & John Walsh, 2016. "Challenges of the Knowledge Based Economy in East Asia," Information Management and Business Review, AMH International, vol. 8(2), pages 36-49.
    • Handle: RePEc:rnd:arimbr:v:8:y:2016:i:2:p:36-49
    DOI: 10.22610/imbr.v8i2.1271
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    References listed on IDEAS

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    2. World Bank, 2012. "Putting Higher Education to Work : Skills and Research for Growth in East Asia," World Bank Publications - Books, The World Bank Group, number 2364, April.
    3. Antonio Andrés & Simplice Asongu & Voxi Amavilah, 2015. "The Impact of Formal Institutions on Knowledge Economy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 6(4), pages 1034-1062, December.
    4. Jacob Mincer, 1962. "On-the-Job Training: Costs, Returns, and Some Implications," NBER Chapters, in: Investment in Human Beings, pages 50-79, National Bureau of Economic Research, Inc.
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