Assignment on "The Four Pillars of The Knowledge Economy " The World Bank’s Knowledge Assessment Methodology (KAM: www.worldbank.org/kam) is an online interactive tool that produces the Knowledge Economy Index (KEI)–an aggregate index representing a country’s or region’s overall preparedness to compete in the Knowledge Economy (KE). The KEI is based on a simple average of four sub-indexes‚ which represent the four pillars of the knowledge economy: Economic Incentive and Institutional Regime (EIR)
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Concept of Skill and Informal Economy The art of survival requires constant search for new sources of income and the will and ability to be as flexible as possible. It is important to re-conceptualize skills and training and move away from its narrow employment connotation. Training needs to be seen as an input for empowerment‚ and not just for employment only. For instance‚ in the context of self- help organizations and networks‚ such training would imply that learning is not only generated in
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Why did Japan ’s economy boost in the 1980s? The boost of the Japanese economy in the 1980s is like most complicated historical events‚ it cannot be reduced to a single cause or reason. Indeed‚ several factors played major roles in this economical enhancement‚ including good government decisions‚ the foundation of a new education system‚ external factors such as the American occupation and the American donations after the Second World War. Lastly‚ the people’s recognition of the role they had to
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Data Plots Spain experienced a ‘booming’ economy from 1990 to 2007‚ when growth declined and dipped into negative growth in 2008. It has remained stagnant ever since. Unemployment in Spain has been relatively high constantly‚ but it peaked in 1994 and again 2008 onwards. It still has not stopped rising. Spain had high inflation in the early 90s‚ but from 1996 onwards in stayed between 2.5% and 4.5%. From 2008 – at present Spain has had very low inflation‚ which is expected with high unemployment
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“Marketing‘s role is to ensure the continuance in growth of economies and the individual’s standard of living” ( M.J.Baker‚ 1985). According to the statement given by M.J.Baker‚ Marketing plays a vital role in the economic growth of the country periodically and sustain individuals standard of living. Marketing Definition “Marketing is a social and managerial process by which individuals and groups obtain what they need and want through creating‚ offering‚ and exchanging products of value with others”
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Knowledge Assets in the Global Economy: Assessment of National Intellectual Capital Journal of Global Information Management July-Sep‚ 2000‚ 8(3)‚ 5-15. “Our government is filled with knowledge...We have 316 years’ worth of documents and data and thousands of employees with long years of practical experience. If we can take that knowledge‚ and place it into the hands of any person who needs it‚ whenever they need it‚ I can deliver services more quickly‚ more accurately and more consistently.”
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TERM PAPER IN MICROECONOMICS BY: MA. DAYANARA P. MANAIG TO: PROFESSOR JOYCE COLCOL Economy of the Philippines The Philippines is a developing country in South-East Asia. In 2004‚ it was ranked as the 24th largest economy by the World Bank according to purchasing power parity. The Philippines is one of the newly industrializing countries in the world. Important sectors of the Philippine economy include agriculture and industry‚ particularly food processing‚ textiles and garments‚ and electronics
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The economy of Japan is the third largest in the world by nominal GDP‚[11][12] the fourth largest by purchasing power parity [13] and is the world’s second largest developed economy.[14] According to the International Monetary Fund‚ the country’s per capita GDP (PPP) was at $36‚899 or the 22nd highest in 2013.[15] Japan is a member of Group of Eight. The Japanese economy is forecasted by the Quarterly Tankan survey of business sentiment conducted by the Bank of Japan.[16] Japan is the world’s
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Types of Economies What is an economy? An economy consists of the economic systems of a country or other area; the labor‚ capital‚ and land resources; and the manufacturing‚ production‚ trade‚ distribution‚ and consumption of goods and services of that area. A market based economy may be described as a spatially limited social network where goods and services are freely produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange
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Primary sector of the economy The primary sector of the economy is the sector of an economy making direct use of natural resources. This includes agriculture‚ forestry and fishing‚ mining‚ and extraction of oil and gas. This is contrasted with the secondary sector‚ producing manufactures and other processed goods‚ and the tertiary sector‚ producing services. The primary sector is usually most important in less developed countries‚ and typically less important in industrial countries. The manufacturing
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