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A knowledge economy emphasizes the importance of skills in a service economy, the third phase of economic development also called a post-industrial economy. It is related to an information economy , which emphasizes the importance of information as non-physical capital, and a digital economy , which emphasizes the degree to which information ...
The Knowledge Index (KI) is an economic indicator prepared by the World Bank Institute to measure a country's ability to generate, adopt and diffuse knowledge. . Methodologically, the KI is the simple average of the normalized performance scores of a country or region on the key variables in three Knowledge Economy pillars - education and human resources, the innovation system and information ...
The quaternary sector of the economy is based upon the economic activity that is associated with either the intellectual or knowledge-based economy. [1] This consists of information technology; media; research and development; information-based services such as information-generation and information-sharing; and knowledge-based services such as consultation, entertainment, broadcasting, mass ...
The era of the knowledge economy is giving way to a new paradigm where relationships hold the key to success, according to LinkedIn’s chief economist, Karin Kimbrough. ... "These are very simple ...
The knowledge industry is the main creator of needs in modern economic systems and thus plays a vital role in such systems. [3] Though knowledge industries had been emerging as an important sector of the modern economy, it was not until the 1960s that much study was done on knowledge as a resource or on the roles it plays in industry.
An economy [a] is an area of the production, distribution and trade, as well as consumption of goods and services.In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. [3]
The triple helix model of innovation, as theorized by Etzkowitz and Leydesdorff, is based on the interactions between the three following elements and their associated 'initial role': [9] universities engaging in basic research, industries producing commercial goods and governments that are regulating markets. [2]
The media industry is an example of the information economy. Information economy is an economy with an increased emphasis on informational activities and information industry, where information is valued as a capital good. [1] The term was coined by Marc Porat, a graduate student at Stanford University, who would later co-found General Magic. [2]