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Lecture 8 :
Knowledge-based economy
Talent Corp’s programs
Lecture 8 :
Knowledge-based economy
Knowledge-Based Economy
Definition
Phases of development
Rationale and recommendations.
Multimedia Super Corridor (MSC)
An overview of the Multimedia Super Corridor (MSC)
The development phases, framework, policies and flagship applications. By: SW Choon
What is Knowledge Economy?
“an economy in which knowledge creation and innovation play an ever increasing role in generating and sustaining growth” “an economy which is directly based on the production, distribution and use of knowledge and information (OECD,
1996).
“an economy in which the generation and exploitation of knowledge is the predominant element that drives the creation of wealth” (United Kingdom Department of Trade and Industry, 1998).
By: SW Choon
Why KE?
Knowledge as a source of growth
Information and knowledge put in good use
Innovate, improve productivity
Lack of resources
declining productivity.
Business success driven by knowledge and IT
adaptable technology to increase efficiency.
E-commerce
No boundaries, i.e. world wide market
By: SW Choon
Development of an economy
The world has so far experienced three eras.
They are:
1.
2.
3.
4.
By: SW Choon
Primitive era
Agrarian era
Industrial era
Currently we are experiencing knowledge era.
Development of an economy
i)
Primitive era
•
•
Life had been uncertain and mostly relied on natural environment.
•
By: SW Choon
Hunting of animals and gathering of fruits and roots from the forest.
During primitive era, all of the activities were accomplished primarily by strength and stamina while the application of knowledge was extremely limited. Development of an economy ii) Agrarian era
It is believed that the first agricultural activities commenced almost 10,000 years ago probably in the Middle East. Later
Knowledge-based economy
Talent Corp’s programs
Lecture 8 :
Knowledge-based economy
Knowledge-Based Economy
Definition
Phases of development
Rationale and recommendations.
Multimedia Super Corridor (MSC)
An overview of the Multimedia Super Corridor (MSC)
The development phases, framework, policies and flagship applications. By: SW Choon
What is Knowledge Economy?
“an economy in which knowledge creation and innovation play an ever increasing role in generating and sustaining growth” “an economy which is directly based on the production, distribution and use of knowledge and information (OECD,
1996).
“an economy in which the generation and exploitation of knowledge is the predominant element that drives the creation of wealth” (United Kingdom Department of Trade and Industry, 1998).
By: SW Choon
Why KE?
Knowledge as a source of growth
Information and knowledge put in good use
Innovate, improve productivity
Lack of resources
declining productivity.
Business success driven by knowledge and IT
adaptable technology to increase efficiency.
E-commerce
No boundaries, i.e. world wide market
By: SW Choon
Development of an economy
The world has so far experienced three eras.
They are:
1.
2.
3.
4.
By: SW Choon
Primitive era
Agrarian era
Industrial era
Currently we are experiencing knowledge era.
Development of an economy
i)
Primitive era
•
•
Life had been uncertain and mostly relied on natural environment.
•
By: SW Choon
Hunting of animals and gathering of fruits and roots from the forest.
During primitive era, all of the activities were accomplished primarily by strength and stamina while the application of knowledge was extremely limited. Development of an economy ii) Agrarian era
It is believed that the first agricultural activities commenced almost 10,000 years ago probably in the Middle East. Later