The Four Pillars of The Knowledge Economy
Topics: Economics, Education, Economy / Pages: 4 (1039 words) / Published: Aug 26th, 2014

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)
Innovation and Technological Adoption
Education and Training
Information and Communications Technologies (ICT) Infrastructure

The Economic Incentive and Institutional Regime (EIR) comprises incentives that promote the efficient use of existing and new knowledge and the flourishing of entrepreneurship. Under EIR , three indicators are taken into consideration
Tariff & Nontariff Barriers
Regulatory Quality
Rule of Law

An efficient Innovation System made up of firms, research centers, universities, think tanks, consultants, and other organizations can tap into the growing stock of global knowledge, adapt it to local needs, and create new technological solutions. Three indicators are taken into consideration for Innovative Index , they are
Royalty payments &Receipts
Patent count
Journal Articles

Education and Training- An educated and appropriately trained population is capable of creating, sharing, and using knowledge. Three indicators are taken into consideration for Education Index , they are
Average year of schooling
Secondary Enrollment
Tertiary Enrollment

Information and Communications Technologies (ICT) Infrastructure -A modern and accessible ICT infrastructure serves to facilitate the effective communication, dissemination, and processing of information. Three indicators are taken into consideration for ICT Index , they are
Telephones
Computers
Internet Users

According to the 2012 KAM Report by World Bank they have listed

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