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Building Knowledge Economies : Advanced Strategies for Development

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  • World Bank

Abstract

Knowledge has always been an essential force in economic development. Chapter one, describes the knowledge revolution, which is leading us into a postindustrial age in which brains, not brawn, are the best means of coping with intensified competition and new challenges, including those related to human development and the global environment. In explaining the foundations and the model of knowledge economies, chapter two outlines the four knowledge economies (KE) pillars, provides elements of the benchmarking methodology, and relates KE achievements to recorded growth and competitiveness. To understand the KE process, chapter three starts with the examples of three KE champions, Finland, Ireland, and the Republic of Korea. The ensuing chapters examine and document in detail the four KE policy pillars. Chapter four on the economic and institutional regime discusses governance, regulation, finance, and trade as they bear on the KE development process. Chapter five on innovation addresses the question of support for innovators, the strengthening of research and technology infrastructure, the diffusion of basic technologies, and the promotion of specific industries. Chapter six deals with the national information and communication technology (ICT) infrastructure, addressing related applications, institutions, and regulations, as well as access to that infrastructure and the development of the skills needed to build, maintain, and use it. Chapter seven looks at primary and secondary education, higher education, and lifelong learning from a KE perspective, providing insights on the mobility of human resources and the role of diasporas. Chapter eight discusses policy agendas for selected sets of countries.

Suggested Citation

  • World Bank, 2007. "Building Knowledge Economies : Advanced Strategies for Development," World Bank Publications, The World Bank, number 6853.
  • Handle: RePEc:wbk:wbpubs:6853
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Burja Vasile & Burja Camelia, 2013. "Drivers Of Knowledge Economy In The Eu’S Developing Countries," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 10-15, April.
    2. 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.
    3. Micheline Riemsdijk, 2013. "Talent Acquisition in the IT Industry in Bangalore: A Multi-Level Study," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 104(4), pages 478-490, September.
    4. Simplice Asongu, 2015. "Financial Sector Competition and Knowledge Economy: Evidence from SSA and MENA Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 6(4), pages 717-748, December.
    5. Asongu, Simplice & Kodila-Tedika, Oasis, 2016. "Determinants of Property Rights Protection in Sub-Saharan Africa," MPRA Paper 76587, University Library of Munich, Germany, revised Nov 2016.
    6. Anuja Utz & Jean-Eric Aubert, 2013. "Transforming Arab Economies : The Knowledge and Innovation Road," World Bank Other Operational Studies 16134, The World Bank.
    7. Asongu, Simplice & Andrés, Antonio R., 2015. "Trajectories in Knowledge Economy: Empirics from SSA and MENA countries," MPRA Paper 71786, University Library of Munich, Germany.
    8. Asian Development Bank (ADB), 2014. "Innovative Asia: Advancing the Knowledge-Based Economy: The Next Policy Agenda," ADB Reports RPT146801-3, Asian Development Bank (ADB).
    9. repec:spr:jknowl:v:8:y:2017:i:1:d:10.1007_s13132-015-0321-0 is not listed on IDEAS
    10. Bogdan Nichifor, 2014. "Information Technology And Romanian Higher Education - Evidence On Linked Dynamic," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 19.
    11. Mathies, Charles & Slaughter, Sheila, 2013. "University trustees as channels between academe and industry: Toward an understanding of the executive science network," Research Policy, Elsevier, vol. 42(6), pages 1286-1300.
    12. Vanessa Simen Tchamyou, 2017. "The Role of Knowledge Economy in African Business," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(4), pages 1189-1228, December.
    13. Simplice Asongu & Vanessa Tchamyou & Paul Acha-Anyi, 2017. "Who is Who in Knowledge Economy in Africa?," Working Papers 17/043, African Governance and Development Institute..
    14. World Bank, 2010. "Innovation Policy : A Guide for Developing Countries," World Bank Publications, The World Bank, number 2460.
    15. Mohajan, Haradhan, 2016. "Sharing of Tacit Knowledge in Organizations: A Review," MPRA Paper 82958, University Library of Munich, Germany, revised 15 Jun 2016.
    16. Simplice A. Asongu, 2017. "Knowledge Economy Gaps, Policy Syndromes, and Catch-Up Strategies: Fresh South Korean Lessons to Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(1), pages 211-253, March.
    17. repec:ces:ifodic:v:14:y:2016:i:3:p:19255712 is not listed on IDEAS
    18. Simplice A. Asongu, 2017. "The Comparative Economics of Knowledge Economy in Africa: Policy Benchmarks, Syndromes, and Implications," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(2), pages 596-637, June.
    19. Denner, Lize & Blackman, Tricia, 2013. "Knowledge management in the public sector: an online presence as a tool for capture and sharing," Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean 20, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    20. Ryan Born & Yuchen Guo, 2016. "Measuring Innovation," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(3), pages 72-74, October.
    21. Mohajan, Haradhan, 2017. "Tacit Knowledge for the Development of Organizations," MPRA Paper 83040, University Library of Munich, Germany, revised 14 Mar 2017.
    22. World Bank, 2008. "Thailand : Investment Climate Assessment Update," World Bank Other Operational Studies 7805, The World Bank.
    23. Denner, Lize, 2012. "Employing knowledge networks as tools for the development of Caribbean Small Island Developing States," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38308, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

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