scholarly journals Role of innovations and knowledge – infrastructure and institutions

2010 ◽  
Vol 4 (3-4) ◽  
pp. 7-10
Author(s):  
András Nábrádi
Keyword(s):  
National Income ◽  
Knowledge Generation ◽  
Knowledge Based ◽  
Knowledge Infrastructure ◽  
Knowledge Based Economy ◽  
Long Run ◽  
European Institute ◽  
Innovation And Technology ◽  
Capital Development

There is a well known saying: Research converts money into knowledge, innovation converts knowledge into money. The knowledge-based economy has four pillars: innovation, education, the economic and institutional regime, and information infrastructure. Transformation towards a knowledge-based economy will necessarily shift the proportion and growth of national income derived from knowledge-based industries, the percentage of the workforce employed in knowledge-based jobs and the ratio of firms using technology to innovate. Progress towards a knowledge-based economy will be driven by four elements: human capital development, knowledge generation and exploitation (R&D), knowledge infrastructure. Increased investment in these four areas will certainly have an impact. National experience, however, suggests that an incremental approach will not work. Nations that have achieved accelerated growth in outputs and capabilities have acted decisively, targeting investments in areas of strategic opportunity. The organizational and infrastructural improvement of research requires supranational cooperation and the promotion of the free movement of knowledge. Therefore, the EU decision on the establishment of the European Institute of Innovation and Technology (EIT), which ensures that the GDP proportion for research and development (R&D) shall achieve 3% stipulated by member states in the long run, is particularly welcome.

scholarly journals The Role of Social Capital in Providing Economic Development

2021 ◽  
Vol 2 (48) ◽  
pp. 37-48
Author(s):  
A. O. Kurnosenko ◽  
◽  
H. V. Sytnyk ◽  
Keyword(s):  
Social Capital ◽  
Economic Development ◽  
Institutional Environment ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The Social ◽  
Analysis And Synthesis ◽  
Capital Development ◽  
Business Financing

In the knowledge-based economy, the role of intangible factors in providing economic development is increasing, thus mainstreaming research on the methodological foundations forming such factors, as well as the mechanisms of their impact on the state of economies. One of such factors is social capital, which is a set of stable communications within institutional environment, whose work is based on trust. The article aims at revealing the role of social capital in providing economic development, in general, and assessing its impact on Ukraine’s economic development, in particular. The research is based on the principles of the systemic approach and was carried out using such methods as analysis and synthesis, logical generalization, graphical and tabular methods of data presentation, and systematization method. The ways in which social capital influences the development of the economy are analyzed. They can be traced in the reduction of the transaction costs level, government corruptness, and shadow economy; the creation of new available forms of business financing. Using the main indicators of the social capital level, it has become possible to establish relation between social cohesion, social conditions and economic development of states. Ukraine’s place among other states as for its social capital level is considered. Connection between social capital development, the dynamics of economic development, and prosperity index is proven.

scholarly journals Role of Higher Education in Creation of Knowledge Economy in Punjab, Pakistan

2021 ◽  
Vol 9 (36) ◽  
pp. 38-50
Author(s):  
Sajida Parveen ◽  
Babak Mahmood ◽  
Saira Siddiqui ◽  
Ayesha Ch. ◽  
Mudassar Mushtaq
Keyword(s):  
Knowledge Economy ◽  
Educational Institutions ◽  
Public And Private ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Development Goals ◽  
Access To Knowledge ◽  
Capital Development ◽  
Gathering Data

Knowledge is working as an engine in achieving sustainable economic development goals for societies who are shifting from labor intensive economy to knowledge based economy like Pakistan. Education works like a backbone in knowledge based economies. Hence, the current research is planned to find out that is the educational institutions of Pakistan are contribution in production of new knowledge or not. Survey was the technique used by researcher for collection of information. Tool for gathering data was questionnaire and sample was selected from six public and private universities of Punjab Pakistan by applying simple random technique while the sample size was comprised of 606 respondents. Both descriptive and inferential statistical techniques were considered to analyze the data. Association found between the efforts made by higher educational institutions by providing access to knowledge, rich infrastructure, funds, incentives, research and development, human capital development, collaboration with industry and creation of knowledge economy.

scholarly journals The sustainable development of the knowledge based economy in Lithuania

2014 ◽  
Vol 36 (4) ◽  
pp. 775-783
Author(s):  
Aurelija Čižauskaitė-Butkaliuk
Keyword(s):  
Sustainable Development ◽  
Information And Communications Technology ◽  
Growing Up ◽  
Environmental Innovation ◽  
The Sustainable Development ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Information And Communication ◽  
Effective Development

In this century the management of the country is in a dynamic, multiplicity and controversial environment. For their competitiveness is necessary to look for the interaction between the knowledgebased economy and the sustainable development. A strong correlation between those objects.forces scientists to analyze, create new evaluation methodologies. The aim of this study – to examine the role of importance between knowledge–based economy and sustainable development, create and calculate an integrated sustainable knowledge–based economy index of Lithuania and according to the results or research, make proposes for more effective development of Lithuania’s sustainable knowledge–based economy. The index consists of Socio-economic, environmental, innovation, human resources and information and communications technology sub–indices..The calculation showed that the development of a knowledge–based economy is not sustainable, because not all the development of sub–indices.is the same. The biggest positive changes taking place in information and communication technology, and negative – socio-economic areas. The sustainable development of the knowledge–based economy in Lithuania since 2010 is growing up.

General Prospects and Contending Issues in Malaysian ICT Policy

2014 ◽  
pp. 230-249
Keyword(s):  
Innovation Policy ◽  
Internet Technology ◽  
Public And Private ◽  
Knowledge Based ◽  
Role Of The State ◽  
Knowledge Based Economy ◽  
Digital Gap ◽  
Public And Private Sector ◽  
Trade And Investment

Malaysia was one of the early adopters of Internet technology to steer innovation policy in a direction that is making the country become a knowledge-based economy. This notion of knowledge-based economy driven by ICT is best exemplified by the borderless connectivity, interactivity, and networking. Since the middle of 1990s, there have been gradual but systematic public and private sector initiatives towards ICT agenda with the prominent role of the state. This chapter aims to unpack ICT developments and examine the implications of the post-MSC formation for Malaysia and its associated issues and challenges. Second, the discussion provides an overview of MSC performance and its importance for enhancing growth, trade, and investment; reducing the digital gap; nurturing innovation; and achieving more inclusive societies. Third, some issues and challenges in MSC development are also highlighted.

Managing Knowledge-Based Organizations Through Trust

2011 ◽  
pp. 1-29 ◽  
Author(s):  
Maija-Leena Huotari ◽  
Mirja Iivonen
Keyword(s):  
Social Capital ◽  
Knowledge Management ◽  
Organizational Development ◽  
Primary Source ◽  
Well Being ◽  
Knowledge Generation ◽  
Shared Meanings ◽  
Organizational Behaviour ◽  
Knowledge Based

This chapter provides a comprehensive basis for understanding the role of trust in knowledge management and systems in organizations. The point of departure is the resource and knowledge-based theories of an enterprise that place knowledge generation as the primary source of wealth and social well-being. The authors show the crucial role of the intangible factors of trust, knowledge and information as related to the social capital and the development of the intellectual capital of an organization. The multidisciplinary nature of the concept of knowledge management and of trust is examined by a thorough review of literature. Trust is seen as a situational and contextual phenomena whose impact on the development of an organizational culture and climate and on success with collaborating is explored as related to the relational, cognitive and structural dimensions of social capital. The overall aim is to sustain strategic capability in the networked mode of performing. The importance of normative trust, shared values and shared meanings is stressed as a frame of reference to organizational behaviour and in communities of practice, but also the role of swift trust is highlighted. The authors provide ideas for empirical research to develop theory of the strategic management of knowledge and information and outline implications for practices for the organizational development.

Knowledge Infrastructure

2010 ◽  
pp. 102-117 ◽  
Author(s):  
Sujeeva Setunge ◽  
Arun Kumar
Keyword(s):  
Socioeconomic Development ◽  
Research Training ◽  
Critical Issue ◽  
Endogenous Development ◽  
Knowledge Assets ◽  
Technology Knowledge ◽  
Knowledge Based ◽  
Knowledge Infrastructure ◽  
Infrastructure Provision ◽  
Innovation And Technology

Urban infrastructure along the hard forms such as roads, electricity, water and sewers also includes the soft forms such as research, training, innovation and technology. Knowledge and creativity are keys to soft infrastructure and socioeconomic development. Many city administrations around the world adjust their endogenous development strategies increasingly by investing in soft infrastructure and aiming for a knowledge-based development. At this point, the mapping and management of knowledge assets of cities has become a critical issue for promoting creative urban regions. The chapter scrutinizes the relations between knowledge assets and urban infrastructures and examines the management models to improve soft infrastructure provision.

Leading Firms as Knowledge Gatekeepers in a Networked Environment

2008 ◽  
pp. 260-281 ◽  
Author(s):  
Deogratias Harorimana
Keyword(s):  
Knowledge Sharing ◽  
Doctoral Students ◽  
Virtual Teams ◽  
Large Firm ◽  
Competitive Environment ◽  
Industrial Districts ◽  
Sociocultural Context ◽  
Knowledge Based ◽  
Knowledge Based Economy

This chapter introduces the role of the knowledge gatekeeper as a mechanism by which knowledge is created and transferred in a networked environment. Knowledge creation and transfer are essential for building a knowledge-based economy. The chapter considers obstacles that inhibit this process and argues that leading firms create a shared sociocultural context that enables the condivision of tacit meanings and codification of knowledge. Leading firms act as gatekeepers of knowledge through the creation of shared virtual platforms. There will be a leading firm that connects several networks of clients and suppliers who may not interact directly with one another, but are, indeed, connected indirectly though the leading firm that acts as a gatekeeper. The chapter argues that a large firm connecting several clients and suppliers at the multinational level represents a gatekeeper, but even individuals and focal firms in industrial districts can be gatekeepers. The author hopes that, through this discussion, academics, researchers, and doctoral students will have a comprehensive theoretical and practical basis on which to study the role of leading firms in building innovations and virtual teams of knowledge sharing in a highly networked and competitive environment.

Trust in Knowledge-Based Organizations

2005 ◽  
pp. 2892-2896
Author(s):  
Maija-Leena Huotari ◽  
Mirja Iivonen
Keyword(s):  
21St Century ◽  
Primary Source ◽  
Economic Globalization ◽  
Well Being ◽  
Knowledge Generation ◽  
Positive Aspect ◽  
Knowledge Based

The knowledge-based society of the 21st century is characterized by knowledge generation as the primary source of wealth and social well-being. As partly intangible in nature, increased understanding of knowledge and information as a resource is critical (Sveiby, 1996; Teece, 1998). Such intangibles are gradually replacing traditional elements of power in states (Rosecrance, 1999), also emphasizing the role of trust in the positive aspect of economic globalization.

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