International Organisation for Knowledge Economy and Enterprise Development
IKED - International Organisation for Knowledge Economy and Enterprise Development

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..:: Background on the Knowledge based Economy
As economies move into the post-industrial era, the rise of the so-called "Knowledge-based Economy" is attracting attention around the world. New industries are being born, traditional ones are reshaped, and old barriers are torn down as economies are transformed with newly evolving technologies, innovation processes, and social practices. Knowledge is being created  and information diffused at a pace never seen before, and there is a rapid and continuous evolution in the practices of organisations and individuals to acquire new skills and managing new ways of learning doing things. Meanwhile, the processes of technical progress are intertwined with globalisation and enhanced cross-border flows spanning capital, labour, goods and services.

Millions of people are lifted out of poverty every year, consumption levels are rising, people live longer, and everywhere around the world people are gaining access to modern information and communication tools.

This era is however also associated with severe challenges, such as those associated with environmental degradation, turbulence, lack of security, transition costs and unwieldy adjustment. Progress is not a given. There are huge problems arising from traditional barriers and rigidity, lack of institutional frameworks to account for orderly conditions in new markets, growing unemployment and inequality, and continued frictions and outright conflict between opposing interests.

None of all this can be addressed through narrow approaches of traditional policy making or mature established enterprise. The solutions of today require that creativity, innovations and entrepreneurship can flourish and be put to use in partly new constellations. They require that local communities become more aware, capable and active in working out tailored solutions to address the specific issues they are confronted with. More effective, better-integrated and more inclusive policy approaches are in demand to make this possible. The challenges confronting different countries, regions and places have much in common, although the specific priorities for action and reform may differ. There is now plenty of scope for adopting new strategies of collaboration and learning in action how to turn our worst challenge into a source of opportunity. 
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