Knowledge Economy And Sustainable Economic Development

In this book, the author focuses on the intersection of two major bodies of policy and practice: knowledge economy and ICTs on one hand, and sustainable economic development on the other. It aims to provide a broad-ranging account of the social and economic terrain demarcated by this intersection in order to reach conclusions and offer guidelines for policy development. Although based on the case of a developing country (Vietnam) its analyses, arguments and conclusions are of universal relevance. Key features comprehensive picture of a society from the perspective of knowledge for development Intersection of ICTs (Information and Communications Technology), knowledge, and sustainable economic development Can be used in courses of sociology, political economy, development economics, knowledge economics, information and telecommunication technology, sustainable development, and public administration.

The knowledge economy is the added non-monetary value that society accrues from increased access to data, information, and knowledge in the new, globally connected world. ICT and technology innovation are paving the way for significant economic development opportunities for countries that have embarked in a concerted effort to model their economies according to the knowledge economy principles. Among developing countries, knowledge economy principles are being applied mostly in a sector-wise level, where government intervention with enabling policies coupled with joint efforts by the private sector, academia, and other actors are resulting in durable and sustainable benefits. Cases on Applying Knowledge Economy Principles for Economic Growth in Developing Nations examines cases from developing countries in order to derive an adapted model of knowledge economy that could be applied to developing country conditions. This book contributes to the change of paradigm on how to help developing countries in advancing to better conditions by using ICT-related technology. Covering topics such as learning organizations, green technology, and sustainable organizations, this is a dynamic resource for emerging economies, researchers, students, professors, academicians, and multilateral organizations helping developing countries.

The digital economy is a new direction in which the modern global economic system is now heading. This book seeks to adapt the digital economy concept to the priorities of humanity, including the implementation of global development goals. The authors develop and substantiate scientific and methodological criteria for assessing the sustainability of the modern digital economy, and offer several concrete recommendations for improving the concept of the digital economy by incorporating global development goals.

Investing in People is the world priority of the 21st century. The wellbeing of people is at the center of the agendas of the World Bank, International Monetary Fund, UN, OECD, ILO and all major development organizations. But the concern for people is not new. The celebrated books of Economics Nobel Awardees Theodore Schultz’s Investing in People. The Economics of Population Quality and Gary Becker’s Human Capital were published decades ago and challenged the same human dilemma. Yet, with few exceptions, most countries are still struggling for effective formulas to put people at the center of development. The core issue is that investing in people means improving the quality of education for all. But the main problem is that countries continue to take education as an expense, not as an investment in people. National budgets consider education as a sunken cost, rather than as an investment expected to produce high returns to secure quality improvement as necessary condition for sustainability. Shortcomings are abundant but one thing is certain: unless the quality of education for all is placed front and center in development agendas, chances for progress in the VUCA (volatile, uncertain, complex, ambiguous) environment are curtailed, human centered sustainability and wellbeing will be restrained and inequality will persist. The main problem it is not income inequality, it is education inequality. In the Knowledge Economy the human (as) resources formula is no longer working. Segmentation of the economy and education is probing increasingly counterproductive. The EDUCONOMY is a human centered structure for progress to optimize returns and minimize costs of investing in people. Gallup and Brandon Busteed coined the concept Educonomy to enhance the importance of quality in education backed up by extensive surveys and data bases. Lepeley’s EDUCONOMY. Unleashing Wellbeing and Human Centered Sustainable Development takes the discussion into new dimensions and addresses the complexity of the challenges. People are the DNA of Sustainable Development. Says Lepeley challenging old constructs and presenting innovative formulas pioneering human centered economics and economics of wellbeing that frame the Balanced Sustainable Development ESTE (economic, social, technology, environment) Model. ESTE is the product of the Educonomy built on three fundamental pillars: the Talent Economy, the Agility Economy and the Quality Economy convergent with demands of the Knowledge Economy. In the ESTE Model education is no longer a national expense, it is an investment that secures high rates of returns and social and economic inclusiveness anchored in quality standards for all.

"In the global knowledge economy of the twenty-first century, India's development policy challenges will require it to use knowledge more effectively to raise the productivity of agriculture, industry, and services and reduce poverty. India has made tremendous strides in its economic and social development in the past two decades. Its impressive growth in recent years-8.2 percent in 2003-can be attributed to the far-reaching reforms embarked on in 1991 and to opening the economy to global competition. In addition, India can count on a number of strengths as it strives to transform itself into a knowledge-based economy-availability of skilled human capital, a democratic system, widespread use of English, macroeconomic stability, a dynamic private sector, institutions of a free market economy; a local market that is one of the largest in the world; a well-developed financial sector; and a broad and diversified science and technology infrastructure, and global niches in IT. But India can do more-much more-to leverage its strengths and grasp today's opportunities. India and the Knowledge Economy assesses India's progress in becoming a knowledge economy and suggests actions to strengthen the economic and institutional regime, develop educated and skilled workers, create an efficient innovation system, and build a dynamic information infrastructure. It highlights that to get the greatest benefits from the knowledge revolution, India will need to press on with the economic reform agenda that it put into motion a decade ago and continue to implement the various policy and institutional changes needed to accelerate growth. In so doing, it will be able to improve its international competitivenessand join the ranks of countries that are making a successful transition to the knowledge economy."

This title was first published in 2002. Bringing together a wide range of theoretical and empirical case studies from Canada, New Zealand, South Korea, Turkey, China, Germany, Spain, Sweden, Poland, South Africa, Japan, The Netherlands and the United Kingdom, this book addresses these neglected issues, in particular, contemplating the vitally important nexus between industry, environment and the knowledge economy.Throughout the book, four key themes and issues are explored: institution building strategies; agglomeration as territorial context; sustainable industrial-environmental processes and policy initiatives; globalization, learning and industrial location dynamics. The book concludes with an outline of future research directions within the paradigm.

Positive change in society depends highly on a variety of innovative technologies. Sustainability and transformation of the knowledge society helps create developing nations that can survive during times of global turbulence. Sustainable Economic Development and the Influence of Information Technologies: Dynamics of Knowledge Society Transformation provides relevant theoretical frameworks and the latest empirical research findings in the area of information technology as it relates to sustainable economic development and the development of knowledge societies. This innovative publication highlights the influence of information technologies and the significance of the knowledge society on economic development in the 21st century.

This book focuses on the contribution of Information Technology (IT) and Information Technology Enabled Services (ITES) in shaping the current and future global economic scenario, with a special focus on Asia, and taking into account the three broad macroeconomic dimensions — growth, sustainability and governance mechanisms. The last two decades have witnessed a structural shift in the world economy due to the tremendous growth in gross domestic product share for the service sector; in fact, service has emerged as the dominant sector and the main driver of GDP growth. This is mainly attributable to the spectacular success of the IT sector in the new knowledge economy. Tradability, technology and transportability – the three T’s – govern productivity growth in today’s services. Growing Asian economies such as India, China and Vietnam, using their demographic advantages, have been reaping the benefits of this boom. The book’s content focuses on recent debates and discussions concerning the issue of long-term sustainability and governance, especially in India, as these companies are facing continuous challenges in terms of international competition, salary inflation, health hazards, scarcity of talent, employee attrition, security concerns, global slowdown and many other technology-related issues. The book further highlights how the increased application of IT-based products and services is resulting in harsh inequalities concerning income distribution in many developing countries of Asia, mainly because of its labor shedding nature, and hence might be detrimental to sustainable development, if suitable policy measures are not implemented to counter these effects. The book provides a wealth of information for researchers, graduate students and political scientists alike, as well as thought-provoking insights for social scientists, policymakers and government officials. It also offers a valuable source of data for business and management professionals, and for members of Chambers of Commerce and Industry.