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Knowledge economy

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Definitions Edit

The knowledge economy

describe[s] economic activity that relies not on "natural" resources (like land or minerals) but on intellectual resources such as know-how and expertise. A key concept of the knowledge economy is that knowledge and education (also referred to as "human capital") can be treated as a commercial asset or as educational and intellectual products and services that can be exported for a high value return.[1]
refers to the use of knowledge technologies (such as knowledge engineering and knowledge management) to produce economic benefits as well as job creation.[2]

References Edit

  1. Green Paper on Copyright in the Knowledge Economy, at 3 n.1.
  2. The phrase was popularized if not invented by Peter Drucker as the title of Chapter 12 in his book The Age of Discontinuity.

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