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What is Knowledge Economy (KE)

Chapter 7
Encyclopedia of Organizational Knowledge, Administration, and Technology
The KE is an interconnected, globalized economy where knowledge resources such as know-how, expertise and intellectual property are as critical as other economic resources such as land, natural resources, or even manpower. Under this concept, Knowledge is recognized as a source of competitiveness, where value lies in innovative ideas, services, and networks, using technology as an instrument, not as an end.
Published in Chapter:
Financing Digital Innovation for Sustainable Development
Danilo Piaggesi (Knowledge for Development (K4D), USA) and Helena Landazuri (Knowledge for Development (K4D), USA)
Copyright: © 2021 |Pages: 15
DOI: 10.4018/978-1-7998-3473-1.ch007
Abstract
SDG 17 pursues capacity building through access to data, information and knowledge to support decision-making and oversight. Such guidelines embrace the economic viability and sustainability attributes that innovation must have to be called such, in the field of promoting digital innovation. Those guidelines provide a clear path to streamline efforts in this area by directing support to three crucial areas: (1) developing a market for digital innovation products and services; (2) supporting initiatives to bring about new and more efficient business models and processes; and (3) providing focused support to the generation of innovative products and services. To achieve these ends, it is proposed to establish adequate mechanisms to provide technical and financial support in each one of those areas, utilizing partners and collaboration mechanisms.
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Chapter 434
Boosting the Social Development of the Majority Through the Creation of a Wireless Knowledge Society
An economy based on knowledge as its principal asset. In a KE, knowledge is the new currency and ICT is a tool to enabling its attainment. Particularly important for emerging economies (EE).
Published in Chapter: Boosting the Social Development of the Majority Through the Creation of a Wireless Knowledge Society; From: Encyclopedia of Information Science and Technology, Fourth Edition
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