2. Knowledge Economy
Knowledge Economy refers to overall economic structures where knowledge is the key resource1. Capitalism is heading towards an epoch transformation where the indispensable component of productivity and economic growth will be knowledge2. Knowledge will become a commodity3. Productivity and services will be based on knowledge intensive activities4 and the share of intangible capital will be greater than that of tangible capital5. The rise in knowledge intensity of economic activities and increasing globalization of economic affairs are the two driving forces of knowledge economy6. “A knowledge economy is one that creates, acquire, adapts and uses knowledge effectively for its economic and social development7”. Development at local and regional level will lead by knowledge economy8.
2.1 Concepts and Characteristics of Knowledge Economy
Capitalism and Technology has conquered the globe and has created a world civilization since last 150 years. This transformation was driven by radical change in the social construction of word “Knowledge”. Overnight, knowledge beca...
Perhaps the most ubiquitous quality shared between humans is the capacity to know. The English language seems stark and stale when considering a definition for the word itself that encompasses the various feelings that can be summoned in knowing something. John Farella examines the inequality that exists in the relationship between the West...
According to Kleinman, “Words are tools of thought”, and we can think in new ways in order to change the status quo.
knowledge, a symbol that needed to be disposed of for the elites to remain the
Pinar refers to the current situation in the field of education as a “nightmare” because education is no longer in the hands of educators. Our society today is becoming full of citizens and educators who are comfortable being the silent majority. Educators are sitting back in the shadows remaining silent while our government tells us how and what to teach in order to cultivate the minds of an economically productive future society. Teachers are no longer able to educate students about the value of becoming intellectuals because their time is spent training students to pass a test. In order to solve this problem, Pinar suggests that we learn more about our past and how we came to this juncture in our lives in order to deal with the problem that exists in education until this day.
T.D. Wilson (2002) makes a point of identifying several sources of articles, references and course syllabi with varying takes on knowledge management within organizations. Wilson is convinced that organizations misuse the terminology “knowledge management” and that their activities are more concerned with managing information than with the management of knowledge (Wilson, 2002). Wilson defines knowledge as involving “the mental processes of comprehension” or, as “what we know” and information as the expression of what we know and can convey through messages (Wilson, 2002). By researching the use of the “knowledge management” Wilson conveys that the terms knowledge and information are used interchangeably, which results in an inaccurate application
The philosopher, Linda Zagzebski, offers a virtue based definition of knowledge. She arrives at this definition by presenting numerous accounts of knowledge definitions that fail, explore why they fail, then shows how her theory satisfies knowledge criteria.
Newman, John Henry. “Knowledge Its Own End.” Reading the World: Ideas That Matter. Ed. Michael Austin. New York: W.W. Norton and Co., 2010. 54-59. Print.
In recent decades, the world economy has undergone an unprecedented level of integration. Previously, I have provided a list of knowledge management tools that can be utilized to analyze many questions and trends, as well as the reason why these tools are important in the global economy. These tools are essential of international relations as being able to examine global problems beyond the headlines. This paper further demonstrates how these tools could be applied to solve the problem or to bring the business opportunity to fruition in today's Japanese business environment.
"Knowledge, Truth, and Meaning." Cover: Human Knowledge: Foundations and Limits. Web. 17 Feb. 2011. .
Nonaka and Takeuchi (1995) established a “Knowledge Conversion” model that deals with explicit and tacit knowledge interacts in the human beings; presented in four steps;
...bjectives and realize growth. Knowledge Management Knowledge management plays a key role in ensuring that the different functions and activities of a company are synchronized. In Google’s case, the purchase of Motorola (which has turned out not to have been the best business decision) probably could have been avoided if the knowledge within the company was managed and used better. Knowledge enables a company to create, recognize and distribute opportunities. When every employee of a company contributes his or her part of knowledge into the knowledge pool, it is very beneficial as it contributes to the overall success of the company. Proper application of the available knowledge in a company can offer several competitive benefits to both the company and the employees. Application of accurate knowledge at the correct situation helps a company to make good decisions.
Capitalism at first seems like a beneficial idea that can help to support and drive a society, but upon further inspection, there is a great deal of instability in a Capitalistic society. One of the main outcomes of capitalism is greed. Throughout the recession the rich upper class continued to become astoundingly richer, while the poor lower class became persistently poorer. Moreover, a capitalistic system finds a way to make a profit from anything or from anyone. Alienating workers turning them against each other to focus on the common goal: profit. This is an example of how capitalism estranges employees in the workforce. In this type of capitalistic system employees are forced to compete with one another, therefore, alienating themselves from each other. Which can lead to a feeling of isolation and depression. For example, Carl was a successful business man that served the capitalistic hegemonic society, however, mentally and emotionally the work that he was doing was unfulfilling. Carl said that he would always make decisions based on what he was expected to do; based on what society anticipated of him; this is an example of hegemonic masculinity in everyday life. Eventually, Carl divorced his wife, his kids moved out, and he no longer worked for a successful company. In a capitalist society how does one overcome such alienation? Carl believes the answer lies in mindfulness and self-meditation. Carl argued that an individual should not serve work; should not serve capitalism, but rather that work should serve the individual. He encourages individuals to follow their passion and even to try and monetize their passion, however not all people have a passion that is capable of being monetized. He also argues that individuals shou...
Sociology of knowledge is basically implying that knowledge is socially constructed or determined. Knowledge is thus a social product that reflects what is happening in the society and it is generally accepted by a group of people as a reality. It is shaped by social forces, for instance, the government, scholars, and other people with economic, social or political power for their interests. The notion of knowledge, the implication or use is thus affected by these forces that provided support for the development of research. The production of Knowledge is somewhat important as it is not only used to provide information in order to understand certain issues but also to control and manipulate people’s mind – especially their perception of what is real and what is not. For that reason, McCarthy (1999) believes that knowledge is an important key force in the creation of social order as it is often used by certain group to maintain their authority and interests.
Knowledge is but understanding. How we indulge and interpret an issue is knowledge. In the pursuit of knowledge, we, as materialistic learners and knowers, repeatedly ignore crucial procedures, pro...
From the dawn of time, education has been in existence in one form or another. Societies knew early on that to survive knowledge and experiences must be passed on to future generations. By passing on this knowledge people could take what others learned then build upon it. One such example is of the man that invented the wheel. He probably never imagined that his idea would later become the means to assist man to soar high in the sky with the fowls of the air. This miraculous feat might never have happened if he had not shared what he knew with others.