“ Knowledge Is the Currency of the New World Economy”

Total Page:16

File Type:pdf, Size:1020Kb

“ Knowledge Is the Currency of the New World Economy” OECD Global Forum on the Knowledge Economy September 16-17, 2002 ICT Regional Policy & Strategic Development “ Knowledge is the currency of the new world economy” CRMB16/9/02 StrategyStrategy && ActionAction PlanPlan ICT Knowledge- Dynamic Based Society Industry CIMA Regulatory & Legal Infrastructure Human Resource Physical Infrastructure Development E-Transaction Internet Access Facilities LAN Access & Infrastructure Development Connectivity Backbone IT Pre-Literacy Competence LAN/WAN E-Government E-Business E-Commerce ICT Regional Policy & Strategic Development l Human Resources – Smarter Societies l Infrastructures – Access and Connectivity l Enabling Environment for E-Business – Legal & Regulatory Framework l Leading role of Government – Productivity & Efficiency l Business competitiveness and development – SME’s l Financial Services – E-business l Culture and National Identity – ICT Savvy l Citizenship and Participation – Interaction Capabilities, ICT l Quality of Life Issues – E-Sensitivity CRMB 16/9/02 ICT Regional Policy & Strategic Development Human Resources – Smarter Societies l ICT Literacy through formal and informal education l All OECS citizens be given the chance to achieve the highest possible level of education l Requires deep changes in curricula, teaching methods, operation and management of formal and informal educational programmes and institutions, provision of teaching and learning materials, supporting lifelong learning through a combination of face-to-face, distance and open education OECS ICT Training Strategy CRMB 16/9/02 ICT Regional Policy & Strategic Development Infrastructures – Access and Connectivity l Revision of Telecommunication Acts to achieve affordable and universal access to telecommunication facilities l OECS Governments moving steady towards legal reform, and deregulation practices l ECTEL to boost market forces so that all citizens have access to state of the art ICT facilities at affordable cost l Effective competition to guarantee reliability and technological neutrality of the ICT infrastructure IT Telecom/IT in Business/IT Basics CRMB16/9/02 ICT Regional Policy & Strategic Development Enabling Environment for E-Business – Legal & Regulatory Framework l Legal rules and procedures be adapted and kept up-to-date l Harmonization of OECS member state legislation l Compatibility with internationally accepted standards and regulations l Define member state e-transaction focus for legal reform and configure to OECS paradigm l Cyber Crime Cyber Lawyers & IT Specialist CRMB 16/9/02 ICT Regional Policy & Strategic Development Leading role of Government – Productivity & Efficiency l Credibility of ICT policies largely dependant on effective Government deployment lAs major employer, service provider, and consumer Governments in best position to initiate, and sustain the spread of ICT applications in other sectors l Application of ICT methodologies to all of governments administrative procedures lRapid IT skill enhancement training and job re-qualification l Construction of public information domain accessible to all citizens l Introduction of Knowledge Management Practices IT Specialist/IT Teachers/Basic Literacy CRMB16/9/02 ICT Regional Policy & Strategic Development Business competitiveness and development – SME’s l ICT to be initiated in Small and Medium Enterprises, Tourism Industry, and Agri- businesses l E-Commerce initiatives l Prioritize LAN Development IT Institute/IT Teachers/Basic Literacy CRMB16/9/02 ICT Regional Policy & Strategic Development Financial Services – E-business l Adaptations of financial systems so that electronic payments methods be standard among the member states l Financial sector adjustment to an economy that relies on services and intangible assets IT Institute/IT Teachers/IT in Business CRMB 16/9/02 ICT Regional Policy & Strategic Development Culture and National Identity – ICT Savvy l Projecting cultural activities of OECS member states on the Internet l Creating a critical mass of ICT savvy actors in various cultural associations and activities IT Institute/IT programming/IT marketing CRMB16/9/02 ICT Regional Policy & Strategic Development Citizenship and Participation – Interaction Capabilities, ICT l Sustained development of innovation and initiative strengthen by use of interactive capabilities offered by ICT l Effective interaction and consultation procedures incorporated in E-government applications IT Societies/IT “Best Practices” Transfer/IT Marketing Skills CRMB 16/9/02 ICT Regional Policy & Strategic Development Quality of Life Issues – E-Sensitivity l ICT applications include the necessary scope to accommodate unique social requirements l Provision of practical information and guidance, or special services to cope with particular situations IT Support Groups/IT Special Classes/IT on-line learning CRMB16/9/02 ICT Regional Policy & Strategic Development The acquisition of knowledge in the ICT evolutionary paradigm becomes the medium for gainful employment, improved economies, and inevitable poverty reduction within the OECS CRMB16/9/02.
Recommended publications
  • A NEW VISION of the KNOWLEDGE ECONOMY Brian Chi-Ang Lin National Chengchi University
    A NEW VISION OF THE KNOWLEDGE ECONOMY Brian Chi-ang Lin National Chengchi University Abstract. To date, more than half of the output in the major OECD countries has been knowledge based. This paper argues, however, that the current growth- oriented exposition of the knowledge economy rooted in the conventional concept of free competition is insufficient for promoting the long-term development of human societies. Although we now live in a knowledge economy, most countries have been concurrently characterized by serious phenomena such as environmental degradation and growing economic inequality. The prospect of meeting global commitments, for instance, to reducing inequality, as outlined in the 1995 World Summit for Social Development in Copenhagen and endorsed in the United Nations Millennium Declaration, is bleak and the global society as a whole has become less and less sustainable. Indeed, the world is better seen as composed of numerous (but finite) knowledge economies. To take up the challenge of sustainable development of human societies, we have to develop a pluralistic perspective of the knowledge economy and fully acknowledge the characteristics of each unique knowledge system (such as indigenous knowledge possessed by a small tribe). Once we can help each individual knowledge system develop into a specific set of economic institutions that freely exchange concepts and beliefs with each other in a global environment, we will be able to develop a global economy that embodies a value-committed basis that assures a sustainable path of development on earth. Keywords. Economic inequality; Growth; Indigenous knowledge; Sustainable development; The knowledge economy There are changes in other spheres too which we must expect to come.
    [Show full text]
  • Neoliberalism, Higher Education, and the Knowledge Economy: from The
    This article was downloaded by: On: 28 September 2010 Access details: Access Details: Free Access Publisher Routledge Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered office: Mortimer House, 37- 41 Mortimer Street, London W1T 3JH, UK Journal of Education Policy Publication details, including instructions for authors and subscription information: http://www.informaworld.com/smpp/title~content=t713693402 Neoliberalism, higher education and the knowledge economy: from the free market to knowledge capitalism Mark Olssena; Michael A. Petersb a University of Surrey, UK b University of Glasgow, UK To cite this Article Olssen, Mark and Peters, Michael A.(2005) 'Neoliberalism, higher education and the knowledge economy: from the free market to knowledge capitalism', Journal of Education Policy, 20: 3, 313 — 345 To link to this Article: DOI: 10.1080/02680930500108718 URL: http://dx.doi.org/10.1080/02680930500108718 PLEASE SCROLL DOWN FOR ARTICLE Full terms and conditions of use: http://www.informaworld.com/terms-and-conditions-of-access.pdf This article may be used for research, teaching and private study purposes. Any substantial or systematic reproduction, re-distribution, re-selling, loan or sub-licensing, systematic supply or distribution in any form to anyone is expressly forbidden. The publisher does not give any warranty express or implied or make any representation that the contents will be complete or accurate or up to date. The accuracy of any instructions, formulae and drug doses should be independently verified with primary sources. The publisher shall not be liable for any loss, actions, claims, proceedings, demand or costs or damages whatsoever or howsoever caused arising directly or indirectly in connection with or arising out of the use of this material.
    [Show full text]
  • Syllabus “Knowledge-Based Economy”
    SYLLABUS “KNOWLEDGE-BASED ECONOMY” Lecturer (name, academic title, e-mail): Elena Zashchitina, assistant, e-mail: [email protected] Department responsible for the course or equivalent: Institute of Management in Economic, Ecological and Social Systems; Department of Business Economics Semester when the course unit is delivered: 2nd Level of course unit: Bachelor level, Master level ECTS credits: 5 ADMISSION REQUIREMENTS Applicants are expected to have completed the following courses: • Economic History; • Introduction to Economic Theory; • Principles of Macroeconomics; • Global Economy; • Institutional economics; • Principles of Microeconomics; • Business Economics; • Statistical Method in Economics; • Labor Economics. COURSE OBJECTIVES (AIMS) • to develop a holistic vision of the state-of-the art, the tendencies and the challenges of the knowledge-based economy; • to introduce the basic ideas, theories and industries of knowledge-based economy; • to examine the main knowledge management provisions and to give a grounding in the best knowledge management practices and techniques; • to introduce knowledge technologies used by businesses, being the basis of an effective knowledge management system; • to demonstrate how to identify knowledge processes in practice, manage them using IT; • to specify the criteria of human capital formation and development; • to analyze best practices, challenges and opportunities of the implementation of knowledge-based economy in Russia and other countries by reviewing and assessing the features of the modern state of knowledge-based economy development; • to prepare students to operate in a dynamic enterprise environment in the context of intellectual capital management. COURSE CONTENTS Session 1. Knowledge-Based Economy Formation and Development • Basic characteristics, concepts and issues; •The change of companies’ nature in new economy (K-Е Sveiby); • Knowledge staircase by K.
    [Show full text]
  • Chapter 1 the Demand for Economic Statistics
    Chapter 1 The Demand for Economic Statistics The media publish economic data on a daily basis. But who decides which statistics are useful and which are not? Why is housework not included in the national income, and why are financial data available in real time, while to know the number of people in employment analysts have to wait for weeks? Contrary to popular belief, both the availability and the nature of economic statistics are closely linked to developments in economic theory, the requirements of political decision-makers, and each country’s way of looking at itself. In practice, statistics are based on theoretical and interpretative reference models, and if these change, so does the picture the statistics paint of the economic system. Thus, the data we have today represent the supply and demand sides of statistical information constantly attempting to catch up with each other, with both sides being strongly influenced by the changes taking place in society and political life. This chapter offers a descriptive summary of how the demand for economic statistics has evolved from the end of the Second World War to the present, characterised by the new challenges brought about by globalisation and the rise of the services sector. 1 THE DEMAND FOR ECONOMIC STATISTICS One of the major functions of economic statistics is to develop concepts, definitions, classifications and methods that can be used to produce statistical information that describes the state of and movements in economic phenomena, both in time and space. This information is then used to analyse the behaviour of economic operators, forecast likely movements of the economy as a whole, make economic policy and business decisions, weigh the pros and cons of alternative investments, etc.
    [Show full text]
  • Intensive Industries and Distributed Knowledge Bases.1
    What is the ‘knowledge economy’? Knowledge- intensive industries and distributed knowledge bases.1 Keith Smith STEP Group Oslo Norway May 2000 Prepared as part of the project “Innovation Policy in a Knowledge-Based Economy” commissioned by the European Commission 1 I would like to thank Daniele Archibugi, Robin Cowan, Paul David, Dominique Foray, Gert van de Paal, Luc Soete and members of the European Commission for comments on an earlier draft of this paper. Introduction: technology and competence Public policies for science, technology and innovation have always been aimed primarily at creating and diffusing knowledge. In recent years such policies have attracted increasing attention as a result of claims that knowledge-intensive industries are now at the core of growth, and that we are now entering a new type of knowledge-driven economy or even a completely new form of ‘knowledge society’. What does it mean to speak of a ‘knowledge-intensive’ industry or a ‘knowledge- based’ economy, however? These terms are often used in a superficial and uncritical way, and there is a real need to consider whether they are anything more than slogans. The objectives of this paper are firstly to assess some of the issues involved in the concept of a knowledge economy or learning economy, and to criticise the idea that the knowledge economy should be identified with high-technology industries (as conventionally defined). Against this background I describe some empirical dimensions of knowledge creation in Europe, and then turn to concepts and a methodology for mapping the knowledge base of an economic activity. The paper proposes the concept of a ‘distributed knowledge base’ for industries, and argues that the term ‘knowledge economy’ is only meaningful if we see it in terms of widely- spread knowledge intensity across economic activities, including so-called ‘low technology’ sectors.
    [Show full text]
  • JAPAN Moving Toward a More Advanced Knowledge Economy
    WBI Development Studies VOLUME 1 37261 v 1 Public Disclosure Authorized JAPAN Moving Toward a More Advanced Knowledge Economy Public Disclosure Authorized Assessment and Lessons Public Disclosure Authorized Edited by Tsutomu Shibata Public Disclosure Authorized WBI DEVELOPMENT STUDIES Japan, Moving Toward a More Advanced Knowledge Economy Volume 1: Assessment and Lessons Edited by Tsutomu Shibata The World Bank Washington, D.C. © 2006 The International Bank for Reconstruction and Development/The World Bank 1818 H Street NW Washington, DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org E-mail: [email protected] All rights reserved This volume is a product of the staff of the International Bank for Reconstruction and Development/The World Bank. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of the World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development/the World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; telephone: 978-750-8400; fax: 978-750-4470; Internet: www.copyright.com.
    [Show full text]
  • 1 Knowledge Economy and Innovations As Factors of Agrarian Competitiveness
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Research Papers in Economics KNOWLEDGE ECONOMY AND INNOVATIONS AS FACTORS OF AGRARIAN COMPETITIVENESS BRANKO MIHAILOVIC Institute of Agricultural Economics, Belgrade, Serbia. E-mail: [email protected] VLADANA HAMOVIC Institute of Agricultural Economics, Belgrade, Serbia. VESNA PARAUSIC Institute of Agricultural Economics, Belgrade, Serbia. th Paper prepared for presentation at the 113 EAAE Seminar “THE ROLE OF KNOWLEDGE, INNOVATION AND HUMAN CAPITAL IN MULTIFUNCTIONAL AGRICULTURE AND TERRITORIAL RURAL DEVELOPMENT”, Belgrade, Republic of Serbia December 9-11, 2009 Copyright 2009 by Branko Mihailovic, Vladana Hamovic, Vesna Parausic. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. 1 KNOWLEDGE ECONOMY AND INNOVATIONS AS FACTORS OF AGRARIAN COMPETITIVENESS Abstract Today, more than ever, development of agriculture leans on science research results and their practical application. Research in the field of agriculture is conducted by large network of public institutions, institutes and universities are mostly directed toward improvement of production. Economical research, at the level of husbandry, market analysis, or analysis and estimations of economic policy is poorly developed. Profitability of agriculture and food industry should be improved and supported by adequate research and application of gained results. Experience
    [Show full text]
  • Compromising the Knowledge Economy Authoritarian Challenges to Independent Intellectual Inquiry
    May 2020 SHARP POWER AND DEMOCRATIC RESILIENCE SERIES Compromising the Knowledge Economy Authoritarian Challenges to Independent Intellectual Inquiry by Glenn Tiffert ABOUT THE SHARP POWER AND DEMOCRATIC RESILIENCE SERIES As globalization deepens integration between democracies and autocracies, the compromising effects of sharp power—which impairs free expression, neutralizes independent institutions, and distorts the political environment—have grown apparent across crucial sectors of open societies. The Sharp Power and Democratic Resilience series is an effort to systematically analyze the ways in which leading authoritarian regimes seek to manipulate the political landscape and censor independent expression within democratic settings, and to highlight potential civil society responses. This initiative examines emerging issues in four crucial arenas relating to the integrity and vibrancy of democratic systems: • Challenges to free expression and the integrity of the media and information space • Threats to intellectual inquiry • Contestation over the principles that govern technology • Leverage of state-driven capital for political and often corrosive purposes ABOUT THE AUTHOR The present era of authoritarian resurgence is taking place during Glenn Tiffert is a visiting fellow at the Hoover Institution, a protracted global democratic downturn that has degraded and a historian of modern China. His research has the confidence of democracies. The leading authoritarians are centered on Chinese legal history, including publications challenging
    [Show full text]
  • YOUTH EMPLOYMENT in the KNOWLEDGE- BASED ECONOMY : Perspectives of the Arab Region Dr
    United Nations Economic and Social Commission for Western Asia YOUTH EMPLOYMENT IN THE KNOWLEDGE- BASED ECONOMY : Perspectives of the Arab region Dr. Nibal Idlebi Chief, Innovation Section Content • General aspects of knowledge-based economy and employment • Youth today: world-wide • Youth employment in knowledge-based economy • Situation in the Arab region • Conclusion © Copyright 2014 ESCWA. All rights reserved. No part of this presentation in all its property may be used or reproduced in any form without a written permission “Young people should be at the forefront of global change and innovation. Empowered, they can be key agents for development and peace. If, however, they are left on society's margins, all of us will be impoverished. Let us ensure that all young people have every opportunity to participate fully in the lives of their societies.” -Kofi Annan, 2001 -Former United Nations Secretary-General Page 3 © Copyright 2014 ESCWA. All rights reserved. No part of this presentation in all its property may be used or reproduced in any form without a written permission General aspects of knowledge-based economy and employment Knowledge-based economies • Focused on the generation and exploitation of knowledge • Knowledge and knowledge-rich products are necessary for the creation of wealth • To create knowledge, innovation, creativity and research for development are needed • In a KBE, knowledge is the main commodity and driving force behind productivity and economic growth. Page 5 © Copyright 2014 ESCWA. All rights reserved. No part of this presentation in all its property may be used or reproduced in any form without a written permission Employment in the knowledge- based economy (1) • Basic skills are no longer enough, more and different skills are required: - Analytical and critical thinking skills - Technological skills • 42 million jobs are needed every year • Government can not do this alone, but should act as facilitator connecting people to industry Page 6 © Copyright 2014 ESCWA.
    [Show full text]
  • Knowledge Economy: Characteristics and Dimensions
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Management Dynamics in the Knowledge Economy (E-Journal) Management Dynamics in the Knowledge Economy Vol.5 (2017) no.2, pp.203-225; DOI 10.25019/MDKE/5.2.03 ISSN 2392-8042 (online) © Faculty of Management (SNSPA) Knowledge Economy: Characteristics and Dimensions Shahrazad HADAD Faculty of Business Administration The Bucharest University of Economic Studies 2-2A Calea Grivitei, sector 3, 010731 Bucharest, Romania Academy of Romanian Scientists, Romania 5 Splaiul Independentei, 05009 Bucharest, Romania [email protected] Abstract. Over the past several decades, the theme of knowledge economy (KE) has become increasingly important, being seen as a source of economic growth and competitiveness in all economic sectors. As a consequence of this development, the author provides evidence that scholars and commentators have pleaded in favor of using modern resources which enrich knowledge-based-economies, such as investments in IT&C, high-technology industries, and highly skilled workers. These factors are perceived as fundamental factors of KE, as the present research will state. The drivers of KE are indeed technologies with the help of knowledge and the production of information, all these conditioned by dissemination. The hereby article opens with a compare and contrast analysis of the traditional economy versus the knowledge economy. Also, the article defines the KE, focusing on the debate existing on the subject of its key characteristics and components (dimensions) according to international forums, scholars, and practitioners. At the same time, the author provides information on the drivers of KE, by thoroughly reviewing the academic literature in this field.
    [Show full text]
  • The Six Pillars of Knowledge Economics
    Proceedings of the 50th Hawaii International Conference on System Sciences | 2017 The Six Pillars of Knowledge Economics Carsten Brockmann Narcyz Roztocki Capgemini Germany State University of New York at New Paltz [email protected] Kozminski University [email protected] Abstract Knowledge Economics is a fast growing discipline. Knowledge Economics focuses on benefits and costs The purpose of this paper is to extend our earlier of generating knowledge outputs and is one of many work on the contributions to the mini-track on subfields of the field of knowledge management. Knowledge Economics at the Hawaii International The rising popularity and relevance in the current Conference on System Sciences (HICSS). In the economy contributed to Knowledge Economics present work, we analyze 16 contributions from 2012 having its own dedicated mini-track at the Hawaii to 2016 and based on our analysis, we propose the Six International Conference on System Sciences Pillars of Knowledge Economics framework. The (HICSS). The HICSS Knowledge Economics mini- proposed framework articulates that six elements are track was introduced in 2012 and throughout the years essential to generate knowledge outputs: Innovation has attracted a variety of submissions. Since 2012, the Capability, Leadership, Human Capital, Information mini-track co-chairs have created a one-page Technology Resources, Financial Resources, and description of the papers [2-6]. Moreover, in 2014 they Innovation Climate. Additional major findings are conducted and published an analysis of seven papers that organizations are the most common unit of published in HISSS proceedings in years 2012 and analysis, while the individual level is hardly 2013 [7].
    [Show full text]
  • How the Neoliberal Knowledge Economy Creates Risk for Working Class Students Victoria Smith
    ± Knowledge Economy for Whom? How the neoliberal knowledge economy creates risk for working class students Victoria Smith Bell (1976) argued that western countries and high skilled workers demanded By the new the U.S are passing from an industrial to a post- knowledge economy (Grint & Nixon, 2015). industrial period of society, which is descriBed There is little douBt that UK government as ‘The Information Society’ (Bell 1976). Bell policies have Been heavily influenced By the states that “instead of society Based on a knowledge economy theory and this is most labour theory of value… the post-industrial clearly apparent in the expansion of the school society rests on a knowledge theory of value- leaving age and the higher education sector in that is to say, value is fundamentally increased, recent years. From research and official not by labour, but by knowledge” (Bell, 1976: statistics in the UK, we can see that there are 46). Bell identified key shifts in post-industrial more students in Higher education than ever societies employment Before, with 49% of structures such as the young people decline of unskilled attending university manufacturing Before the age of employment and the 30. This means growth of high skilled, almost half of all managerial, technical young people in and professional England are going occupations in sectors onto higher such as Business and education, which is education services the highest level (Grint & Nixon, 2015). since the For Bell (1976), the post-industrial society is a introduction of £9,000 tuition fees (Adams, knowledge economy Because future joB 2017). Research shows student numBers have growth would Be focused in high skilled doubled since 1992, from 984,000 students to occupations, which would dictate a massive 1.87 million young people in 2016 in full time expansion of higher education to provide the education (ONS, 2016).
    [Show full text]