The Gulf Cooperation Council (GCC) States are in the transition toward a new, knowledge-based economy. As these states diversify from a petroleum-based economy to knowledge-based industries, the countries’ competitiveness and performance increasingly will depend on their abilities to foster an indigenous capacity for technological innovation. This paper presents a broad framework for a national...

Innovation is the key to the economic development in today’s knowledge driven economy. World markets increasingly demand knowledge-intensive production and innovation-based competition. Iran still remains largely a natural-resource-based economy. To become competitive in today’s market it needs urgent shift towards a more knowledge-based economy which requires strong innovation system. This stu...

In knowledge-based economy, knowledge has a public good and non-rivalry nature. Firms build their own knowledge stock not only by means of internal R&D and collaboration with partners, but also by means of previously spilled over knowledge of other firms and public research laboratories (such as universities). Firms based on their absorptive capacity, and level of intra-industry and extra-indus...

Generation and exploitation of knowledge became one of the most significant components in the new economy. This paper first investigates influence of information and communications technology on economy, with specific emphasis on Internet economy and electronic commerce. The paper then describes characteristics of the knowledge economy, discusses knowledge, presents main issues relevant for bui...

We define the knowledge economy as production and services based on knowledge-intensive activities that contribute to an accelerated pace of technical and scientific advance, as well as rapid obsolescence. The key component of a knowledge economy is a greater reliance on intellectual capabilities than on physical inputs or natural resources. We provide evidence drawn from patent data to documen...

The dramatic development of information and communications technology, the increased speed of scientific and technological progress, and the increased global competition led to the growing importance of knowledge and technology for economy. Modern economy, therefore, increasingly includes features of knowledge economy, an economy based on production, distribution and use of knowledge. Also, mor...

Now-a-days, the globalization approach can be clearly observed in countries' movement toward the knowledge-based economy. It is inevitable to support knowledge-based institutions and companies in order to realize the expected goals including development of science and technology, meeting the domestic industries' needs and moving toward a knowledge-based economy. For this purpose, the main prior...