scholarly journals The Impact of Knowledge-Based Economy on Growth Performance: Evidence from South Africa

2020 ◽  
Vol 9 ◽  
pp. 387-402
Author(s):  
E.I. Edoun ◽  
◽  
Solly Pooe ◽  
Genevieve Bakam Fotso
Author(s):  
Atef Abuhmaid

This chapter discusses the Jordanian Ministry of Education’s reliance on both the local private sector (public-private partnership) and foreign aids in order to accelerate its integration of ICT to meet the needs and demands of the knowledge-based economy. The discussion sheds light on strings attached to the role played by the Ministry of Education, as the central educational authority, in the diffusion of ICT across the education system. Understandably, in the Jordanian context, likewise other countries in the Middle East and North Africa region, the education system has to deal with a great deal of complexities in which, internal and external issues can impede reform efforts. Partnership with local and international partners might be needed in the Jordanian context in order to initiate reform especially the large-scale and costly ones. ICT-related reform initiatives are expensive and require expertise in various areas which might justify seeking external assistance by the educational system. However, external involvement can impact the integrity of the educational reform when it is left with inadequate coordination and efforts in order to keep them in line with national interests and agendas. Furthermore, the impact of these issues can be severer when they are not taken into account during the planning stage of the reform. Thus, this chapter discusses major issues arose when international partners and the local private sector were involved in ICT-based education initiatives in Jordan.


2019 ◽  
Vol 11 (23) ◽  
pp. 6721 ◽  
Author(s):  
Reem S. Al-Mansoori ◽  
Muammer Koç

The essentiality of the universities’ roles in enhancing economies and transforming societies is a global mantra. However, when it comes to wealthy and oil-dependent states such as Texas in the United States and Qatar in the Middle East, the impact of universities on sustainable economic development is questionable. This article discusses the transformational efforts within engineering colleges at two public universities in Texas and in Qatar to support their states’ visions in moving toward innovative and knowledge-based economies. The study examined the innovation capacity building of both institutions through measuring the transformational leadership styles in engineering colleges and its impact on the faculty’s innovative production of technical articles, patents, and sustainable development-related courses. The cultural impact of the two contexts on the leader–follower relationship was addressed in the discussion using Hofstede’s cultural dimension framework. The results showed that leaders in both colleges possess a transformational leadership style, albeit lower than the norm. This study disclosed that, in the high-power distance contexts, the idealized image of the leader contributed positively toward higher satisfaction of the followers with their leaders and current governance systems, while acknowledgment and rewards were the sources of satisfaction in low-power distance societies. Followers in a low uncertainty avoidance, individualistic, and short-term-oriented context achieved higher technical production. Both public universities expressed the need for government involvement in supporting the culture of innovation.


2020 ◽  
Vol 159 ◽  
pp. 06013
Author(s):  
Liudmila Goryainova ◽  
Tatiana Maksimova ◽  
Olga Zhdanova ◽  
Mariia Ermilova

The article substantiates the role of education, puts forward and confirms the hypothesis of the importance and necessity of social partnership for financing and developing education in a knowledge-based economy. To confirm the hypotheses put forward, the evolution of the concepts of social interaction and social responsibility is studied, the laws of social partnership in a knowledge-based economy are substantiated, which allows using the triple helix model to show the need for interaction between the state, universities and corporations to advance along the path of innovative development. The lack of budget funds for the development of education requires the search for other sources of financing of infrastructure facilities for education. The article discusses the use of concessions as a form of public-private partnership in preschool education, which has recently found application in Russia. Based on the study of international best practices, the authors propose using investment funds, in particular, the mechanism of the impact of investment in education as a promising technology.. One of the solutions to these problems is the mutual investment of funds in intellectual property. The formation of endowment funds for financing education and innovation in the knowledge-based economy is also widespread.


Author(s):  
Marko Slavković ◽  
Marijana Simić

Current trends such as globalization and the growing importance of intangible assets and a knowledge-based economy makes a significant contribution to highlighting the importance of higher education funding. Classified as one of the key factors determining the level of innovation and competitiveness, both at the micro and macro levels, education and especially higher education have been funded in different ways in different countries. Therefore, the main objective of the research is to determine the impact of higher education expenditure on innovation in Serbia and Slovenia, on the basis of which a comparison of results can be made. Analyzing the data for the period 2007-2016 and based on the results of the regression analysis, we conclude that there is a negative significant impact of the share of the state allocation for higher education on the level of innovation in Serbia, while the results relating to the situation in Slovenia are contrary and indicate a positive significant impact.


2004 ◽  
Vol 112 (1) ◽  
pp. 115-130 ◽  
Author(s):  
Susan Ward

In 2002, ‘film’ consolidated a position within municipal governance as part of the Brisbane City Council's economic development program based on the ‘new economy’ understanding of the role of the city as the physical location of commercial and cultural activity. This positioning of film within the notion of industry clustering, and the acknowledgment that production technologies of film and television share a common ground with games development, and other forms of leisure software, represent a fundamental departure from the precepts of the traditional national cinema model. Are creative industries discourse and cluster logic opening up a new field of governance for film policy? How does this translate to the state and federal levels if policy is to become more accommodating to the structures and dynamics of specific regional locations? This paper examines two Queensland approaches to creative industries discourse and cluster logic as a way of understanding the impact this move to a ‘global knowledge-based economy’ will have on the traditional policy framework.


2014 ◽  
Vol 17 (4) ◽  
pp. 221-236 ◽  
Author(s):  
Piotr Strożek

The article presents a spatial analysis of the knowledge-based economy in Poland in regional terms in 2003 and 2011. Nowadays, knowledge is regarded as one of the factors of production besides land, labor and capital. The ability to create, collect and effectively use knowledge contributes to the generation of innovation, acquiring long-term competitive advantages and economic success. Polish provinces are the basic territorial units, on which the calculations have been carried out. The period of time was purposely chosen to determine the impact of Polish accession to the European Union and the possibility of using the Structural Funds in the development of local economies based on knowledge. The purpose of this article is to identify disparities in the use of knowledge in socio-economic life in the Polish provinces. The study was conducted using a taxonomic measure of development (one of the tools of multidimensional comparative analysis). Classification of provinces was constructed on the basis of KEI (Knowledge Economy Index) and KI (Knowledge Index) which are used by the World Bank in Knowledge Assessment Methodology (KAM). The division into four pillars (i.e. The Economic Incentive and Institutional Regime, The Innovation System, Education and Human Resources, Information and Communication Technology) attempts to explain the relationship between the factors of development.


2017 ◽  
Vol 16 (03) ◽  
pp. 1750021 ◽  
Author(s):  
Madeleine C. Fombad ◽  
Omwoyo Bosire Onyancha

In the knowledge-based economy, there is a growing realisation among policy makers that knowledge assets, besides the tangible assets of financial capital and local infrastructure, are the prime creators of wealth. Given the developmental challenges facing South Africa and contemporary global societies, it is clear that Knowledge Management (KM) should not only be seen as a tool for organisational effectiveness, but also as a developmental strategy for nations and societies. As South Africa is developing policies and strategies to overcome its developmental challenges and also to remain competitive in the new global knowledge-based economy, the question that ought to be answered is: To what extend does research on KM address developmental issues in South Africa? This paper adopts a quantitative approach using bibliometric analysis to investigate the extent of research on KM on developmental targets in South Africa. A bibliometric study was conducted using four EBSCO-hosted databases to extract relevant data. It was noted that there has been continued growth in the number of KM publications in South Africa focusing on a variety of subject areas; limited researcher attention has been paid to KM for development (KM4D) and most of the research on KM4D addresses quality education and infrastructure, unemployment and economic growth. The study advocates for the need for academic institutions and research organisations to devote considerable attention to research that enhances the application and integration of the effectiveness of KM in South Africa's development as the country strives to achieve its development goals.


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