Education and the Knowledge Economy: A Response to David & Foray

2003 ◽  
Vol 1 (1) ◽  
pp. 50-70 ◽  
Author(s):  
Christopher Winch
Keyword(s):  
Social Capital ◽  
Knowledge Economy ◽  
Theoretical Knowledge ◽  
Human Knowledge ◽  
Developed Economies ◽  
Knowledge Based ◽  
Knowledge Economies

Much has been written about the claim that contemporary developed economies are ‘knowledge economies’ in which education plays a key role in providing the human, knowledge-based resources necessary for success. David & Foray's article (2003) provides a useful survey, both of the most general features of what have come to be called ‘knowledge economies’, but also of some important issues that affect their development. In this article the author concentrates on the concept of a knowledge economy and its relationship with that of education. Of particular concern is the distinction between different kinds of knowledge, with a particular focus on applied theoretical knowledge and the concept of social capital. The author examines the connection between the development and support of applied theoretical knowledge and the maintenance of social capital. The article concludes with some thoughts on the implications of this connection for the role of education within a ‘knowledge economy’.

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.

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.

scholarly journals The Role Of Universities In Building A Knowledge-Based Economy In Saudi Arabia

2014 ◽  
Vol 13 (5) ◽  
pp. 1047 ◽  
Author(s):  
Mohamed Imam Salem
Keyword(s):  
Higher Education ◽  
Economic Development ◽  
Saudi Arabia ◽  
Growth And Development ◽  
Sustainable Growth ◽  
Developed Economies ◽  
Innovation Research ◽  
Knowledge Based ◽  
Knowledge Based Economy

A knowledge-based economy is one of the vital components of modern economies. Growth in most of the economies of the world, and most developed economies in particular, are increasingly based on knowledge. In a knowledge-based economy, economic development is dependent on investments in education, learning and training, among others. Universities are today becoming aware of the essential role that higher education plays in the construction of knowledge-based economies. The kingdom of Saudi Arabia (KSA) has adopted the drive toward a knowledge-based economy through focusing on the higher education sector. Saudi Universities are playing a pivotal role toward the Kingdom's transition into a knowledge-based economy and hence achieving economic growth and development. The purpose of this paper is to critically examine the important role that universities play in building a knowledge-based economy through innovation, research commercialization, and technology transfer as economic development policies. The role of universities in building a knowledge-based economy in Saudi Arabia is also investigated. The paper confirms that Saudi universities are considered as a very important entity in the aim for the Saudi economy to achieve sustainable growth and development.

scholarly journals Reducing Social Exclusion in Highly Disadvantaged Districts in Medellín, Colombia, through the Provision of a Cable-Car

2014 ◽  
Vol 2 (4) ◽  
pp. 1-13 ◽  
Author(s):  
Diego Zapata Cordoba ◽  
John Stanley ◽  
Janet Robin Stanley
Keyword(s):  
Social Capital ◽  
Social Exclusion ◽  
Sense Of Community ◽  
Secondary Data ◽  
Developed Economies ◽  
Public Transport System ◽  
Aerial Cable ◽  
Steep Terrain ◽  
Reduced Risk

Recent research has shown that increasing trip making and improving a person’s social capital and sense of community is likely to reduce risks of social exclusion, and increase wellbeing. This, and most other related research on social exclusion, has been undertaken in countries with developed economies. This paper examines some of these relationships within a developing economy, where social exclusion is likely to be more widespread, using secondary data. It examines two districts in Medellín, Colombia, which are historically marginalised, with considerable poverty and also suffering from substantial drug-related violence. The focus is on the role of <em>Metrocable</em>, an aerial cable-car public transport system built to improve transport options in the area’s steep terrain, in reducing risk of exclusion. The analysis shows that increasing the number of trips is significantly associated with a reduced risk of social exclusion and that increasing social capital is weakly supportive. <em>Metrocable</em> is therefore likely to be successful in reducing exclusion. The model suggests that secondary data can be used to explore relationships between mobility and risk of social exclusion.

scholarly journals Contribution of language to the creation of corporate social capital

2019 ◽  
pp. 243-263
Author(s):  
Krishna S. Dhir
Keyword(s):  
Social Capital ◽  
Multinational Corporations ◽  
Language Skills ◽  
Multinational Companies ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The Creation ◽  
Corporate Social ◽  
Do So

With increased globalization of trade and business in a knowledge-based economy, and increasing diversification of the workforce, there is increasing pressure on multinational companies to report, and even measure, their social capital. This article explores the role of language in the creation of corporate social capital. The language used in a corporation is an asset, which creates value and corporate social capital in the use and exchange of ideas. Linguists have long attempted to assess the value of language as a commodity, but with little success. This article offers an approach to overcome this difficulty and to measure the value of language as an element of corporate social capital. To do so, it draws an analogy between the functions of language and functions of currency. The article goes on to suggest that multinational corporations should hold a portfolio of language skills, much as it does a portfolio of currencies.

Towards Knowledge-Based Spatial Planning

2019 ◽  
pp. 1-15
Author(s):  
Robert Laurini
Keyword(s):  
Big Data ◽  
Spatial Planning ◽  
Knowledge Engineering ◽  
Big Data Analytics ◽  
Human Knowledge ◽  
Collective Knowledge ◽  
Knowledge Based ◽  
Engineering Practices ◽  
Physical Laws

For millennia, spatial planning has been based on human knowledge about the context and its environment together with some objectives of development. Now, with artificial intelligence and especially knowledge engineering, practices of spatial planning can be renovated. Presently, novel practices can be designed. In addition to human collective knowledge, some new chunks of knowledge can be introduced, coming from physical laws, administrative regulations, standards, data mining, and best practices. By big data analytics, some regularities and patterns can be discovered, which again will lead to new actions towards cities: in other words, there is a virtuous circle linking smart territories and big data that can be the basis for novel spatial planning. The role of this chapter will be to analyze those new chunks of knowledge and to explain how human knowledge, possibly coming from different stakeholders, can be harmonized with machine-processable knowledge as to be the basis for territorial intelligence.

The Creative Class and the Shift Towards the Knowledge Economy in Egypt

2021 ◽  
pp. 85-101
Author(s):  
Hiba Muhammad Aboaleneen
Keyword(s):  
Knowledge Economy ◽  
Secondary Data ◽  
Review Literature ◽  
Creative Class ◽  
Global Competition ◽  
Literature Analysis ◽  
Knowledge Based ◽  
Knowledge Based Economy

This chapter discusses the role of the creative class in the shift towards a knowledge economy in Egypt and aims to know whether the Egyptian society has an effective creative class capable of creating knowledge, disseminating it and employing it, and solving society's problems in line with the nature of the knowledge economy. This is done by spotlight on the changes in economic patterns and employment development in Egypt, revealing the emergence of a creative class that works as a driver to push the Egyptian economy to shift towards a knowledge economy, and illuminating the most important challenges that hinder its performance and effectiveness. The research follows a method of re-analysis, review literature, analysis of secondary data, and available statistics. The research came out with some recommendations which activate the performance of the creative class to shift towards a knowledge-based economy and global competition.

Exploring the double-edged sword of familiness from a knowledge-based perspective

2020 ◽  
Vol 16 (1) ◽  
pp. 71-96
Author(s):  
Omar Belkhodja ◽  
Abdelkader Daghfous
Keyword(s):  
Social Capital ◽  
United Arab Emirates ◽  
Family Relationships ◽  
Family Firms ◽  
Organizational Outcomes ◽  
Comparative Case Study ◽  
Structured Interviews ◽  
Content Type ◽  
Knowledge Based

PurposeFor family businesses, familiness constitutes a unique bundle of resources and capabilities resulting from family relationships and influences. The extant literature has shown that familiness impacts organizational outcomes such as performance and innovation. This paper investigates the role of familiness in relation to absorptive capacity (ACAP). It also explores the specificities of nonfamily members’ social capital when different knowledge management (KM) approaches are adopted.Design/methodology/approachAn exploratory comparative case study design is adopted. Data from three family firms based in the United Arab Emirates (UAE) provide the empirical setting for this study. The data were collected using semi-structured interviews, available documents, observations and company websites.FindingsOur results reveal that the role of familiness in relation to ACAP varies according to the adopted KM approach. Familiness targets the potential ACAP when an explicit KM approach is adopted, the realized ACAP when a tacit KM approach is adopted, and both potential and realized ACAPs when a strategic KM approach is adopted. Our results also show that family firms invest in KM processes that support knowledge exploration and/or exploitation.Originality/valueThis paper provides further evidence for the role of familiness. It moves beyond the study of familiness from a resource-based view and adopts a knowledge-based perspective to develop a better understanding of the role of familiness in relation to ACAP. It also improves our understanding of nonfamily members’ social capital in family firms.

scholarly journals The Role of Digital Libraries in Enhancing the Knowledge Economy in Jordanian Universities

2018 ◽  
Vol 6 (2) ◽  
pp. 1 ◽  
Author(s):  
Hisham Mohammd Al-Smadi
Keyword(s):  
Random Sample ◽  
Knowledge Economy ◽  
Digital Libraries ◽  
Science And Technology ◽  
Northern Region ◽  
The Other ◽  
Validity And Reliability ◽  
Knowledge Economies ◽  
Intermediate Role

This study aimed at revealing the role of digital libraries in enhancing the knowledge economy in Jordanian universities. To achieve this objective, the study instrument was constructed exemplified with a questionnaire, where the sample consisted of (19) items in final form. Having verified their validity and reliability, they were applied to a random sample of 370 students from three universities, namely: Yarmouk, Jordan University of Science and Technology and Al Albayt University in the northern region of the Hashemite Kingdom of Jordan. After applying the study instrument to the sample, the data were entered into SPSS programs for analysis, as the results revealed that there is an intermediate role for digital libraries in enhancing knowledge economies. On the other hand, the results revealed that there are no statistically significant differences due to gender and college variables in the role of Jordanian digital libraries in enhancing the knowledge economy in Jordanian universities from the students’ perspectives. In light of the previous results, the researcher recommended the need to raise awareness about the significance of digital libraries in enhancing the knowledge economy. He also recommended that more studies be conducted on this subject through the application of other segments and comparing the results to achieve an integrated vision of the role of digital libraries in the service of knowledge economies.

scholarly journals The Role of Universities in the Knowledge based Society

2016 ◽  
Vol 22 (1) ◽  
pp. 227-232
Author(s):  
Andreea Simina Răulea ◽  
Constantin Oprean ◽  
Mihail Aurel Ţîţu
Keyword(s):  
Intellectual Property ◽  
Knowledge Economy ◽  
Public Awareness ◽  
Well Being ◽  
Successful Implementation ◽  
Knowledge Based ◽  
The People ◽  
Knowledge Based Economy ◽  
Clear Idea

Abstract As a concept, knowledge covers vast ground and has multiple meanings. In the present day, it is frequently encountered through the term ‘knowledge economy,’ which is usually used to refer to the importance of knowledge as a contemporary commodity. Public awareness of the importance of intellectual property in the information age is essential to the successful implementation and growth of the knowledge economy. Most people do not have a very clear idea about the role of intellectual property in encouraging creativity and the importance to our economic well-being. While it is necessary to increase public awareness in this area, it will not be easy. Intellectual property is typically perceived as being incomprehensible because just a little part of the people has education in this field. IP education means the skills and competences that young people can be expected to acquire in the classroom that enable them to become familiar with intellectual property, understand its potential to generate income and economic growth and lead them to respect IP rights. This paper will present the role that universities play in the development of the knowledge based economy and the need to have more educational programs in this field.

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