MENA Countries Face the Challenge of the Knowledge-Based Economy

2022 ◽  
pp. 150-202
Author(s):  
Olfa Boussetta ◽  
Najeh Aissaoui ◽  
Fethi Sellaouti
Keyword(s):  
Economic Growth ◽  
Knowledge Economy ◽  
International Comparisons ◽  
Developed Countries ◽  
Dynamic Panel Data ◽  
Mena Countries ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Endogenous Growth Model ◽  
Education Innovation

The growing interest in the knowledge economy raises many questions about its effect on economic growth. The study aims to position a set of MENA countries in the context of the knowledge economy compared to developed countries. It also detects theoretically and empirically the knowledge effect on economic growth. To do this, the authors have estimated an endogenous growth model, using the dynamic panel data technique, for a sample of 16 MENA countries over 1995-2014. The results show that, despite the significant improvements that have registered in the knowledge economy pillars, the selected countries are still lagging compared to developed countries. Far from international comparisons, the internal effects of these knowledge pillars (education, innovation, ICT, institutional regime) on growth are positive and highly significant.

scholarly journals DIFFICULTIES IN FORMING A KNOWLEDGE-BASED ECONOMY

2018 ◽  
pp. 188-193
Author(s):  
TAMAR DOLIDZE
Keyword(s):  
Developing Countries ◽  
Knowledge Economy ◽  
Scientific Literature ◽  
Developed Countries ◽  
Point Of View ◽  
Schematic Model ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Statistical Mechanism ◽  
Definition Of

In scientific literature there is no defining explanation and no relevant theoretical model of knowledge and information. Consequently, the definition of the knowledge economy is very eclectic and vague. As a result of the research, we have presented the definition and the general schematic model of knowledge and information. Knowledge is a product that is hard to define due to its nature, which makes it difficult to determine its value It is natural when it is difficult to determine the value of the knowledge as a product it is actually impossible to commercialize it. There is also no adequate statistical mechanism for assessing the knowledge economy. The issue has been insufficiently studied scientifically both in theoretical and quantitative parameters’ point of view. All these and other factors complicate the formation of a knowledge-based economy in developed countries. As for developing countries, in the best case there are only discussions on these issues.

scholarly journals Knowledge Economy and Turkey In Terms Of Innovation and Education

2015 ◽  
Author(s):  
Burcu Sakız ◽  
Semih Sakız
Keyword(s):  
Information And Communication Technologies ◽  
Knowledge Economy ◽  
Global Economy ◽  
Information Technologies ◽  
Business Models ◽  
Developed Countries ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Information And Communication ◽  
Knowledge Intensive

Communication and information technologies have started to emerge since the 40s resulting major changes in the way business has been conducted and effected global economy. Transitions to knowledge-intensive business models become popular since late 1950s. Additionally intellectual capabilities become more important than physical inputs. Having sufficient national production and technology to create a welfare society similar to developed countries is crucial for any modern nation. One of the main developmental leverages for the globalization becomes the knowledge based economic approach. Developed by World Bank “Knowledge Assessment Methodology” is very important methodology in order to measure the progress of countries towards having a knowledge based economy. World Bank's four Knowledge Economy pillars: economic and institutional regime, education, innovation, and Information and Communication Technologies (ICTs) developed for countries to make basic assessment of countries’ readiness for the knowledge economy and help them the transition to a Knowledge Economy. In this study, knowledge economy concept and its properties are presented. Furthermore this paper introduces the analysis of knowledge economy from Turkey’s perspective especially for the role of innovation and education pillars in the development of Turkey.

scholarly journals Structural Challenges of Knowledge-Based Economy in Iran

2020 ◽  
Vol 15 (2) ◽  
Author(s):  
Mojtaba Valibeigi ◽  
Ahmad Mohammadi ◽  
Mojgan Valibeigi
Keyword(s):  
Economic Growth ◽  
Knowledge Economy ◽  
Public And Private ◽  
Economic Surplus ◽  
The Public ◽  
Knowledge Based ◽  
Private Organizations ◽  
Knowledge Based Economy ◽  
The Government ◽  
Definition Of

The knowledge-based firms can both flourish and grow and stimulate employment and economic growth. Iranian Knowledge-based firms’ protection law is the protection of small and medium knowledge-based firms which are at their elementary steps of growth and don’t have enough attraction to investors. Knowledge-based firms’ protection law in Iran faces to serious challenges that causes this law will not reach to its aim, same as the other protection laws for reducing unemployment and increasing the economic growth. The aim of the study is investigating of structural challenges of knowledge-based firms in Iran. First challenge is about the definition of these kind of firms which weren’t designed in accordance to demand and the knowledge economy and the learner's economy has been ignored. Second challenge is related to performance mechanisms in financial support and providing the facilities for these kind of firms, which reveals the weakness of mechanisms against the economic surplus and corruption. These challenges caused gaps including the weakness of needed mechanisms for the illegal subsidy banning, dependent situation of the innovation and prosperity fund, Khosoulati pressures, enterprise approach of the government, governmental inter-authority competition and the weakness of participant attraction of the public and private organizations that hinder the movement towards a knowledge-based economy.

scholarly journals IMPORTANCE OF PATENT AND INNOVATION IN EDUCATIONAL INSTITUTIONS

2015 ◽  
Vol 3 ◽  
pp. 271-275 ◽  
Author(s):  
Mario Al Kassiri ◽  
Tatiana Čorejová
Keyword(s):  
Economic Growth ◽  
Educational Institutions ◽  
Foreign Investors ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Innovation Projects ◽  
Start Ups

This articles discusses the importance of converting knowledge into realizable output, which can subsequently be patented. Patenting, in itself, is already the result of a completed and difficult process. The importance of patenting is not only advantageous for the author patent, but also for the whole society and knowledge-based economy. In this article, we explain not only the effect of patenting on the economy as a whole, along with its advantages, but also possible acceleration in process of patenting. Universities rely on the important aspect of innovation and patenting, whereas innovation and patenting alone support the economic growth. Lack of projects covering patenting process may cause less outputs of innovation. Projects which support the development of innovation and start-ups have big potential in reducing unemployment and increasing the motivation of new foreign investors.

scholarly journals CULTURE AS A FACTOR OF KNOWLEDGE ECONOMICS WITH PARADIGMATIC CHANGES IN SYSTEMIC INSTITUTIONAL CONTEXT

2018 ◽  
pp. 58-66
Author(s):  
GIVI BEDIANASHVILI
Keyword(s):  
Knowledge Economy ◽  
Industrial Society ◽  
Economic Science ◽  
Knowledge Based ◽  
Level Of Automation ◽  
Knowledge Based Economy ◽  
Agriculture Industry ◽  
Institutional Structures ◽  
Manufacturing Activity ◽  
High Level

In modern conditions it is important to develop a systemic and institutional concept of culture as a form of knowledge economy. In order to present a systemic concept of knowledge and culture in the formation of knowledge economy, I think the new meaning of paradigmatic and conceptual aspects of economic science is of particular importance. In addition, the systematic representation of the cognition process is particularly important. As shown by the practice of recent years, the main problems in the form of knowledge technology are solved, which will facilitate the improvement of the “cognitive” function of economic science and enhance its practical benefits. The modern stage of globalization is characterized by a number of specific peculiarities of post-dosystem development, which, in our view, is important to the development of knowledge-based economy (knowledge economy). It is noteworthy that globalization stems from adding global dimensional dimensions to the knowledge economy, such as resource-technological, informative, communicative and institutional structures. In addition, we think it is necessary to understand the knowledge of the knowledge economy. This makes it possible to develop culture with knowledge as a factor of forming a knowledge economy. According to the Postindustural Theory, the main resource of the post-denser economy is information and knowledge, the main type of manufacturing activity is the high level of automation of the production, the science of technologies used primarily from the main technologies, and various services are the most common types of economic activity. In industrial society, the field of agriculture, industry - Industry, Postindustry - determinants are already theoretical knowledge with universities, as a place of active and generating knowledge.

Media Literacy, Co-Innovation, and Productivity

2017 ◽  
pp. 1397-1430
Author(s):  
Juan-Francisco Martínez-Cerdá ◽  
Joan Torrent-Sellens ◽  
Mônica Pegurer Caprino
Keyword(s):  
Literature Review ◽  
European Commission ◽  
Media Literacy ◽  
Knowledge Economy ◽  
Organizational Innovation ◽  
Business Environment ◽  
Positive Influence ◽  
Business Context ◽  
Knowledge Based ◽  
Knowledge Based Economy

This research analyzes the connections between media literacy and context of the knowledge economy, establishing a relationship between so-called co-innovative sources (ICT, organizational innovation and qualifications of employees) of the business environment and media literacy. It seeks to verify the behavior of media literacy as a co-innovative source, as fundamental as the three other ones to the viability and sustainability of companies. Authors start from a literature review related to media literacy and knowledge-based economy and then raise their own model that integrates the co-innovative sources and media literacy (the ‘Tetrahedron of Co-Innovative Sources') with which analyze media literacy in the business context. To verify the proposed relations, the research uses the Celot and Pérez Tornero's (2009) framework (proposed in the “Study on Assessment Criteria for Media Literacy Levels” delivered to the European Commission) with official statistical sources in Europe, returning results with which to test the hypothesis that a higher level of media literacy of citizens of a country has a positive influence on its companies and businesses.

scholarly journals Knowledge management a competitive edge for law firms in Botswana in the changing business environment

2015 ◽  
Vol 17 (1) ◽  
Author(s):  
Madeleine Fombad
Keyword(s):  
Knowledge Management ◽  
Knowledge Economy ◽  
Business Environment ◽  
Law Firms ◽  
Private Sector Development ◽  
Knowledge Based ◽  
Quantitative And Qualitative Research ◽  
Knowledge Based Economy ◽  
Potential Benefits ◽  
The Cost

Background: Law firms in Botswana offer a particularly interesting context to explore the effects of transition in the knowledge economy. Acquiring and leveraging knowledge effectively in law firms through knowledge management can result in competitive advantage; yet the adoption of this approach remains in its infancy. Objectives: This article investigates the factors that will motivate the adoption of knowledge management in law firms in Botswana, and creates an awareness of the potential benefits of knowledge management in these firms.Method: The article uses both quantitative and qualitative research methods and the survey research design. A survey was performed on all 115 registered law firms and 217 lawyers in Botswana. Interviews were conducted with selected lawyers for more insight. Results: Several changes in the legal environment have motivated law firms to adopt knowledge management. Furthermore, lawyers appreciate the potential benefits of knowledge management. Conclusion: With the rise of the knowledge-based economy, coupled with the pressures faced by the legal industry in recent years, law firms in Botswana can no longer afford to rely on the traditional methods of managing knowledge. Knowledge management will, therefore, enhance the cost effectiveness of these firms. Strategic knowledge management certainly helps to prepare law firms in Botswana to be alive to the fact that the systematic harnessing of legal knowledge is no longer a luxury, but an absolute necessity in the knowledge economy. It will also provide an enabling business environment for private sector development and growth and, therefore, facilitate Botswana’s drive towards the knowledge-based economy.

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.

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