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What is Knowledge-Based Economy

The Role of Knowledge Transfer in Open Innovation
An economy where knowledge is the key asset.
Published in Chapter:
The Role of the ICTS in Knowledge Transfer: A Special Focus in Fraunhofer AICOS
Mónica L. Azevedo (Portucalense University, Portugal), Óscar Afonso (University of Porto, Portugal), and Paulo B. Vasconcelos (University of Porto, Portugal)
Copyright: © 2019 |Pages: 25
DOI: 10.4018/978-1-5225-5849-1.ch001
Abstract
The purpose of this chapter is to review the increasing importance of knowledge in society in general and in the economy in particular. Knowledge transfer is more and more important at different levels (e.g., micro and macro-level). The authors also intend to show the role played by ICTs in knowledge transfer. To illustrate this, they use some examples of institutions in Portugal. Specifically, they explore the case of Fraunhofer AICOS. Under the umbrella of the ICT4D concept, it is analyzed as ICTs can be used to surpass some difficulties of the least developing countries. However, there are also difficulties related to the acceptance and adoption of ICT solutions, as well as special requirements imposed by the reality of the countries.
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Neoliberal Approach in Higher Education: Case of Pakistan
Knowledge based economy is an economy system relying upon high level intellectual skills for production (human capital) process.
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Peer Learning and Social Interactions in an Asynchronous Learning Environment
A phrase used to describe economies in which information and knowledge hold greater contributing power to the economic welfare of nations than in industrial societies.
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Entrepreneurship Education Development in the Context of Tourism in Oman
A knowledge-based economy is one in which knowledge is produced, disseminated, and used; one in which knowledge is a key factor in growth, wealth creation, and employment; and one in which human capital is the driver of creativity, innovation, and the generation of new ideas, with information and communication technology (ICT) serving as an enabler.
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Exploitation of Public Sector Information in Europe
a form of modern economy referring to a specific structural transformation, where the fast creation of new knowledge and the improvement of access to various knowledge bases increasingly constitute the main resource for greater efficiency, novelty and competitiveness.
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Intellectual Capital Measurement
Economy which is directly based on the production, distribution and use of knowledge and information.
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Higher Education in MENA through Global Lenses: Lessons Learned from International Rankings
An economy that generates significant share of its output through knowledge and innovation.
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Complexity Economics and Innovation Systems: Mersin Regional Innovation Strategy (RIS) Plus Project From Perspective of Complexity Science
An economy that depending on greatly knowledge input in which knowledge is created with systemic processes that become increasingly complex.
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Open Access as a Platform for Sustainable Development: Prospects and Challenges in Africa
In knowledge-based economy, a country’s growth and economic development depends on the quality, quantity and accessibility of information and knowledge rather than physical or natural resources.
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Knowledge Mobilization and Global Higher Education: Building Capacity for Change
Is the term used to describe the interconnectedness of national economies.
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SME's Innovation and Internationalization in Knowledge-Based Economy: EU Case
Economy with mechanisms leading to the use of knowledge to improve the competitiveness of enterprises. It may also be considered a knowledge driven economy, i.e. economy in which knowledge (its outlays and shape) becomes more important determinant of the rate and level of growth than outlays and volume of fixed assets.
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Information Society, Digital Divide, and E-Governance in Developing Countries
An expression coined to describe trends in advanced economies towards greater dependence on knowledge, information and high skill levels, and the increasing need for ready access to all of these by the business and public sectors.
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Virtual Corporations
An economy characterized by the recognition of knowledge as a source of competitiveness; the increasing importance of science, research, technology, and innovation in knowledge creation; and the use of computers and the Internet to generate, share, and apply knowledge.
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E-Learning Adaptability and Social Responsibility
“An expression coined to describe trends in advanced economies towards greater dependence on knowledge, information and high skill levels, and the increasing need for ready access to all of these by the business and public sectors” (OECD, 2005, para. 71). Also called knowledge economy .
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