The Knowledge Economy as a Development Potential for Industrialized Countries and a Perspective for Developing Countries

Fredj Fhima and Walid Trabelsi
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Walid Trabelsi: Higher Institute of Management, University of Tunis, RIM-RAF, 1002 Tunis, Tunisia

International Journal of Knowledge-Based Organizations (IJKBO), 2019, vol. 9, issue 4, 21-37

Abstract: Based on a panel of 51 countries (22 developed and 29 developing) for a period from 2002 to 2012, this study develops a number of indicators and indexes to compare these two groups of countries according to their knowledge economy content. Results show that in OECD countries, knowledge plays a central role in economic performance and growth. These countries have managed to convert knowledge to ability; they are called knowledge-based economies. Developing countries, although they use knowledge, only few of them are regarded as knowledge-based. The success of a strategy of building the knowledge economy requires investments in knowledge which translates into expenditures on research and development and a strong education system.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jkbo00:v:9:y:2019:i:4:p:21-37

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