Cases on Applying Knowledge Economy Principles for Economic Growth in Developing Nations
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Cases on Applying Knowledge Economy Principles for Economic Growth in Developing Nations

Danilo Piaggesi (Knowledge for Development (K4D), USA), Helena Landazuri (Knowledge for Development (K4D), USA) and Bo Jia (United Nations, Italy)
Pages: 300|DOI: 10.4018/978-1-7998-8417-0
ISBN13: 9781799884170|ISBN10: 1799884171|EISBN13: 9781799884194|ISBN13 Softcover: 9781799884187
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Description

The Knowledge Economy is described here as the added non-monetary value that society accrues from increased access to data, information and knowledge in the new, globally connected world. ICT and technology innovation are opening the way for significant economic development opportunities for countries that have embarked in a concerted effort to model their economies according to the KE principles. The cases of Finland, Northern Ireland, and the Republic of Korea are interesting examples of how their strategies to increase their participation in knowledge-based markets have rendered impressive results. In fact, adherence to those strategies is consistently reported as the main instrument by which those countries have leaped in a few decades from economies that were heavily dependent on agriculture to high-revenue economies that show sustained GDP growth. Among developing countries, KE principles are being applied mostly in a sector-wise (so-called “micro”) level, where government intervention with enabling policies, coupled with joint efforts by the private sector, academia and other actors are resulting in durable and sustainable benefits. Cases in Brazil, Colombia and Ecuador are reviewed, which help derive a number of conclusions regarding the application of KE principles to concrete undertakings, where benefits and obstacles are discussed. Future examination of cases from other developing countries would be extremely useful to derive an adapted model of KE that could be applied to developing country conditions.

This is a primer to be used worldwide on the base of the results in Latin America and the Caribbean. The objective is to contribute to the change of paradigm on how to help developing countries in leapfrogging to better conditions, by using ICT related technology

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