scholarly journals The Service Sector of a Knowledge-based Economy – a Comparative Study

2013 ◽  
Vol 4 (1) ◽  
pp. 53-64 ◽  
Author(s):  
Grażyna Węgrzyn
Keyword(s):  
Competitive Advantage ◽  
Service Sector ◽  
Service Industries ◽  
Study Objective ◽  
Knowledge Based ◽  
Stage Of Development ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
European Economies ◽  
The Eu

The study objective was identification of the service industries that determine the rate and lines of development of a knowledge-based economy. The analysis covered the EU member countries and the years of 2008-2012. This report consists of four sections. The first one provides the characteristics of a knowledgebased economy and describes the role of services sector in progressing towards this stage of development. The second section offers a classification of services that led to establishing the category of knowledge-based services. The industries classified as knowledge-based services contribute directly to the creation, processing and distribution of knowledge throughout an economy. The following part presents a division of the EU member economies into four groups, depending on their advancement towards the knowledge-based economy as defined by two indices: the Knowledge Economy Index (KEI) and the Knowledge Index (KI). The study concluded on empirical verification of the significance of knowledge-based services within individual European economies. In a knowledge-based economy, where knowledge is the key factor in gaining a competitive advantage, it is just the services related to knowledge acquisition, distribution and creation that drive the economic growth. The development level of service activities classified as knowledge-based services largely determines the economy’s performance in knowledge creation, distribution and use. This is so because these activities directly contribute to the economy’s competitive advantage based on knowledge.

scholarly journals Knowledge Economy Indicators and Their Impact on the Sustainable Competitiveness of the EU Countries

2020 ◽  
Vol 12 (10) ◽  
pp. 4172 ◽  
Author(s):  
Elena Širá ◽  
Roman Vavrek ◽  
Ivana Kravčáková Vozárová ◽  
Rastislav Kotulič
Keyword(s):  
Knowledge Economy ◽  
Main Idea ◽  
Topsis Method ◽  
Eu Countries ◽  
Knowledge Based ◽  
Multi Criteria Evaluation ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Knowledge Economies ◽  
The Eu

In today’s turbulent world influenced by globalization, knowledge is becoming a key factor in the market. Every economy, if it wants to be successful and competitive, must pay more attention to knowledge and its creation, transfer, and preservation. In this respect, it is a key element in ensuring a country’s sustainable position in a competitive environment. Based on this, we set out the main idea of the article as follows: increased emphasis on the factors of a knowledge-based economy affects the growth of the country’s competitiveness, which contributes to its better sustainability. To verify the idea, we used a multi-criteria evaluation of countries by the TOPSIS method and a subsequent regression model. We examined developments in the EU countries over a period of 11 years in selected indicators typical for the knowledge economies, in the area of competitiveness. Finally, we examined the sustainability of EU countries. Based on the findings of these methods, we identified the leading country—Sweden—in the field of knowledge economy, competitiveness, and sustainability.

INNOVATION, PATENTS AND ECONOMIC GROWTH

2007 ◽  
Vol 11 (02) ◽  
pp. 279-297 ◽  
Author(s):  
RIFAT A. ATUN ◽  
IAN HARVEY ◽  
JOFF WILD
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Competitive Advantage ◽  
Life Sciences ◽  
The European Union ◽  
Enterprise Value ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The Us ◽  
The Eu

Empirical evidence demonstrates the value of intellectual property (IP) in creating economic growth, enhancing productivity and profitability, and increasing enterprise value. Research and Development (R&D) intensive industries, such as the life sciences, where patents are critical to competition, need an enabling environment to institutionalise innovation and IP generation and reward investments in IP. The US has approached IP strategically and created an IP infrastructure. Japan aims to develop into an "IP nation". China has an increasingly well-developed IP system. In contrast, the European Union (EU), which aims to become the world's leading knowledge-based economy, has a fragmented and expensive system of national patents. It lacks an environment which values investment in IP generation and management. Until recently, the EU enjoyed global competitive advantage in the life sciences, but this advantage has been lost. To regain this competitive advantage the EU must invest substantially in R&D, IP generation and commercialisation of these outputs.

scholarly journals The European Union Innovation Performance in View of the Lisbon Strategy

2010 ◽  
Vol 13 (1-2) ◽  
pp. 79-96
Author(s):  
Witold Kasperkiewicz ◽  
Andrzej Kacprzyk
Keyword(s):  
Information Technologies ◽  
The European Union ◽  
Lisbon Strategy ◽  
Strategic Objectives ◽  
Balanced Development ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Economic Distance ◽  
European Economies ◽  
The Eu

The Lisbon Strategy was accepted by the European Council in March 2000 during the Lisbon summit. The Strategy is European Union’s answer to many challenges resulting from the economic globalization and the dynamic development of information technologies. The importance of these challenges is paramount. Hence, it has turned out that new strategies based on the principle of balanced development which would modernize the European economy are indispensable. Even though in the last decade of the 20th century integration process of Union’s economies underwent considerable intensification, they still could not outweigh the American economy in the technological race. As a result European economies became less competitive in comparison with the American counterpart. The rise in innovativeness of the EU economies plays a key role in the implementation of the major aims of the Lisbon Strategy. The ability to facilitate those innovations and to put them into practice have crucial importance for minimizing the economic distance between EU and US. The main aim of the paper is to present the innovativeness of European economies and Japan. The paper also evaluates the conditions and effects of the implementation of the strategic objectives of Lisbon Strategy. The paper is divided into four parts. First deals with the characteristics of the role of knowledge-based economy and innovativeness of the economic system in Lisbon Strategy. Second is devoted to the issue of innovativeness of the EU economies as compared to the US and Japan. Third presents evaluation of the Lisbon Strategy implementation. Fourth analyses the renewed Lisbon Strategy

Innovative Techniques and Strategies of Skill Building for Human Resource Development in SMEs, India

2016 ◽  
Vol 2 (2) ◽  
Author(s):  
Arti Awasthi
Keyword(s):  
Human Capital ◽  
Human Resource Development ◽  
Skill Development ◽  
Education And Training ◽  
Global Competitiveness ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Skill Building ◽  
And Training

India has gradually evolved as knowledge based economy due to the abundance of capable, flexible and qualified human capital. With the constantly rising influence of globalization, India has immense opportunities to establish its distinctive position in the world. However, there is a need to further develop and empower the human capital to ensure the nations global competitiveness. Despite the empathetic stress laid on education and training in this country, there is still a shortage of skilled manpower to address the mounting needs and demands of the economy. Skill building can be viewed as an instrument to improve the effectiveness and contribution of labor to the overall production. It is as an important ingredient to push the production possibility frontier outward and to take growth rate of the economy to a higher trajectory. This paper focuses on skill development in Small and Medium Enterprise (SMEs) which contribute nearly 8 percent of the country's GDP, 45 percent of the manufacturing output and 40 percent of the exports. They provide the largest share of employment after agriculture. They are the nurseries for entrepreneurship and innovation. SMEs have been established in almost all-major sectors in the Indian industry. The main assets for any firm, especially small and medium sized enterprises are their human capital. This is even more important in the knowledge based economy, where intangible factors and services are of growing importance. The rapid obsolescence of knowledge is a key factor of the knowledge economy. However, we also know that for a small business it is very difficult to engage staff in education and training in order to update and upgrade their skills within continuous learning approach. Therefore there is a need to innovate new techniques and strategies of skill development to develop human capital in SME's.

Higher Education Institutions as Viable Systems

2020 ◽  
pp. 1-25
Author(s):  
Dejana Zlatanović ◽  
Verica Babić ◽  
Jelena Nikolić
Keyword(s):  
Higher Education ◽  
Conceptual Framework ◽  
Higher Education Institutions ◽  
Education Institution ◽  
Viable Systems ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Viable System ◽  
Sustainable Economic Growth

In a knowledge-based economy, higher education institutions (HEIs) are a key factor in fostering innovation and play a central role in sustainable economic growth and development. Growing complexity of HEIs and their environments requires systemic, i.e. cybernetic approach to innovation. The chapter highlights the importance of introducing a cybernetic framework for innovativeness of higher education institutions by their examination in conceptual framework of organizational cybernetics (OC). The purpose is to demonstrate how viable system model (VSM) as a key methodological tool of OC can help understanding the viability and innovativeness of HEIs. In addition, higher education institutions are investigated in a conceptual framework of VSM through the case of the public higher education institution (HEI) in Serbia. The main contribution of the chapter is related to practical implications of presented framework including the strengths and weaknesses of a VSM application.

Transition towards a Knowledge Society: Malaysia and Indonesia in Comparative Perspective

2003 ◽  
Vol 2 (2) ◽  
pp. 355-373
Author(s):  
Hans-Dieter Evers
Keyword(s):  
Knowledge Society ◽  
Political Leadership ◽  
Political Elite ◽  
Comparative Perspective ◽  
Asian Countries ◽  
Knowledge Based ◽  
Stage Of Development ◽  
Knowledge Based Economy ◽  
The Social ◽  
Basic Features

Malaysia and Indonesia see themselves as being on the way of developing into knowledge societies. Indonesia’s political leadership only vaguely circumscribes the characteristics of this new stage of development. Malaysia’s political elite has, however, developed a vision when and how to reach the stage of a fully developed industrialised nation with a knowledge-based economy. This paper outlines the basic features of a knowledge society and analyses some of the social and cultural preconditions as well as consequences in reaching the stage of a knowledge society. It finally attempts to answer the question, how far Malaysia and Indonesia have advanced towards the stage of a knowledge society in comparison to other European and Asian countries.

VARIOUS ASPECTS OF INTELLIGENT COLLABORATIVE EDUCATIONAL SYSTEMS

2017 ◽  
Vol 2 ◽  
pp. 67
Author(s):  
Sabina Katalnikova ◽  
Leonids Novickis
Keyword(s):  
Intelligent Systems ◽  
Intelligent System ◽  
System Development ◽  
Effective Means ◽  
Educational Systems ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Wide Range ◽  
Key Factor ◽  
System Knowledge

In connection with the transition to a knowledge-based economy, at a time when a key factor in the development of society is the accumulated human knowledge and skills, as well as the availability of a wide range of users, intelligent systems are becoming very popular. Accordingly, the demand of the ergonomic and effective means of designing this class system is growing as well. The most time-consuming and most important stage of intelligent system development is the formation of the system knowledge base which ultimately determines the efficiency and quality of the entire intelligent system. Knowledge representation and processing models and methods as well as the intelligent system development techniques operating on the basis of these methods and models have a crucial role in relation to this. The article explores the different aspects of intelligent collaborative educational systems, describes the overall structure of an intelligent collaborative educational system and reflects the different steps of development the system.

Sign in / Sign up

Export Citation Format

Share Document