Open AccessChallenges of the Knowledge Based Economy in East Asia
Author(s) -
Virachai Vongbunsin,
John Walsh
Publication year - 2016
Publication title -
information management and business review
Language(s) - English
Resource type - Journals
ISSN - 2220-3796
DOI - 10.22610/imbr.v8i2.1271
Subject(s) - process (computing) , face (sociological concept) , knowledge economy , macro , business , agriculture , foundation (evidence) , knowledge management , human resources , state (computer science) , marketing , computer science , economics , management , political science , sociology , ecology , social science , algorithm , law , biology , programming language , operating system
The knowledge-based economy (KBE) is widely considered to be the foundation of the next stage of economic growth, following agriculture, manufacturing and services. Countries seeking to enter the KBE must take care to ensure that their resources ‘particularly human resources ‘ are willing and able to fulfil the roles requested of them. That in turn means that countries must be aware of what challenges and difficulties they will face in taking this next step in development. This paper attempts to outline at the macro-social level the issues involved in this process with a view to identifying an agenda of state-level developmental goals to be tackled.