Knowledge Based Economy: Opportunities and Challenges

Milewska, Anna

doi:10.22630/esare.2018.2.42

Cited by 2 publications

(1 citation statement)

References 3 publications

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“…So far, international organizations including the World Bank and many authors have set indicators related to KE. With the emergence of the term “knowledge economy,” many researchers have suggested various kinds of views and approaches regarding the KE (Ayan & Pabuccu, 2018 ; Drucker, 1998 ; Durazzi, 2019 ; Foray, 2004 ; Godin, 2006 ; Milewska, 2018 ; Sagiyeval et al, 2018 ; Saridogan & Kaya, 2019 ; Smith, 2000 ). According to definition of OECD ( 1996 ), knowledge-based economy refers to as those that are directly based on the production, distribution, and use of knowledge and information.…”

Section: Analysis Of Previous Studiesmentioning

confidence: 99%

Comparative Study of Knowledge-Based Economic Strength Between China and the USA

Rim

2022

J Knowl Econ

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Entering the era of knowledge economy, knowledge is the important source of economic growth and is the basis for ensuring the sustainable development of economy even under any disadvantageous environment. This paper addresses the comparison of economic strength between China and the USA from a view of knowledge economy. To this end, based on analysis of previous studies, the authors conceptualize the knowledge-based economic strength , establish the indicators system for its comparison between China and the USA, and conduct the comparison and analysis based on them. The findings are that (1) while China gets ahead of the USA in exports of high-tech manufactures and numbers of knowledge resources, the USA gets ahead of China in GDP per capita, receipts of intellectual properties, human capital, financial expenditure, and ICT infrastructure, (2) China has mostly focused on quantitative growth of knowledge resources rather than qualitative growth, (3) China has devoted many efforts to the decrease of differences in almost all aspects of knowledge-based economic strength from the USA, and (4) for both countries, degrees of contributions of resource indicators to GDP per capita are different. Given that competition between China and the USA enters the new stage, this comparative study may serve as the policy basis in taking the technological measures for further strengthening its own economic strength for China.

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Section: Analysis Of Previous Studiesmentioning

confidence: 99%

Comparative Study of Knowledge-Based Economic Strength Between China and the USA

Rim

2022

J Knowl Econ

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

et al. 2020

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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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Knowledge Based Economy: Opportunities and Challenges

Cited by 2 publications

References 3 publications

Comparative Study of Knowledge-Based Economic Strength Between China and the USA

Comparative Study of Knowledge-Based Economic Strength Between China and the USA

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

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