knowledge economy research and advisory firm basex

#KNOWLEDGE ECONOMY RESEARCH AND ADVISORY FIRM BASEX SOFTWARE#

Making effective use of knowledge in any country requires developing appropriate policies, institutions, investments, and coordination across the above four functional areas. Information and Communication Technologies (ICT) that can facilitate the effective communication, dissemination, and processing of information.An efficient innovation system of firms, research centers, universities, think tanks, consultants, and other organizations that can tap into the growing stock of global knowledge, assimilate and adapt it to local needs, and create new technology.An educated and skilled population that can create, share, and use knowledge well.An economic and institutional regime that provides incentives for the efficient use of existing and new knowledge and the flourishing of entrepreneurship.The following framework consisting of four pillars that help countries articulate strategies for their transition to a knowledge economy: Countries such as Korea, Ireland, Malaysia, and Chileillustrate the rapid progress that can be made. To capitalize on the knowledge revolution to improve their competitiveness and welfare, developing countries need to build on their strengths and carefully plan appropriate investments in human capital, effective institutions, relevant technologies, and innovative and competitive enterprises. Combined with trade policy liberalization, the knowledge revolution is leading to greater globalization and increased international competition, which is eroding the natural resource and low labor cost advantage of most developing countries. However, it also raises the danger of a growing 'knowledge divide' between advanced countries, who are generating most of this knowledge, and developing countries, many of which are failing to tap the vast and growing stock of knowledge because of their limited awareness, poor economic incentive regimes, and weak institutions. Increased importance of knowledge provides great potential for countries to strengthen their economic and social development by providing more efficient ways of producing goods and services and delivering them more effectively and at lower costs to a greater number of people. And of course there is the Information and Communication Technologies (ICT) explosion which brings worldwide interdependency and connectivity.

#KNOWLEDGE ECONOMY RESEARCH AND ADVISORY FIRM BASEX SOFTWARE#

This 'knowledge revolution' manifests itself in many different ways: there are closer links between science and technology innovation is more important for economic growth and competitiveness there is increased importance of education and life-long learning and more investment is undertaken in intangibles (R&D, software and education) which is even greater than investments in fixed capital. A knowledge economy is one where organizations and people acquire, create, disseminate, and use knowledge more effectively for greater economic and social development. The term Knowledge Economy (KE) has been coined to reflect this increased importance of knowledge.

The application of knowledge is now recognized to be one of the key sources of growth in the global economy.

Knowledge economy research and advisory firm basex