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..:: Background on the Knowledge based Economy
These developments bring economic, social and environmental opportunities as well as severe challenges of upheaval, transition costs and adjustment. Progress is not a given. There are huge problems arising from traditional barriers and rigidity, as well as from lack of institutional frameworks to account for orderly conditions in new markets. As a result, mismanagement occurs at local, national and international level. Pressures continue to mount on the natural environment, there are risks of a widening digital divide, and the well-developed societies are now marked by ageing populations while others are struggling to combat states of poverty and cruel disease. In the midst of such demanding issues, security problems have assumed high priority. None of all this can be addressed by narrow traditional approaches. The solutions of tomorrow require that creativity, innovations and entrepreneurship can flourish and be put to use today.
Many countries around the world are seeking ways to formulate a better-integrated policy approach with respect to such considerations. The challenges confronting different countries have much in common, although the specific priorities for reform may differ. At the same time, many issues require improved international frameworks that are not easily achieved in traditional multilateral negotiations, or even through today's processes of regional integration.
There is no given, optimal set-up to cherish the knowledge-based economy. All countries will have to go through a learning process, and can greatly benefit from an orderly exchange of experience, and the dissemination of solutions. Multilateral organisations carry out a number of relevant projects, but they are largely organised to address linear and more traditional issues, and are in any case unable to fully meet the prevailing demand.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ::
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