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An Introduction to the Economy of the Knowledge Society

Author

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  • Paul A. Davi
  • dDominique Foray
  • CNRS and Institut pour le Management de la Recherche et de l`Innovation
  • Paris-Dauphine University

Abstract

This introductory article reviews the main themes relating to the development of new knowledge-based economies. After placing their emergence in historical perspective and proposing a theoretical framework which distinguishes knowledge from information, the authors characterize the specific nature of such economies. They go on to deal with some of the major issues concerning the new skills and abilities required for integration into the knowledge-based economy; the new geography that is taking shape (where physical distance ceases to be such an influential constraint); the conditions governing access to both information and knowledge, not least for developing countries; the uneven development of scientific, technological (including organizational) knowledge across different sectors of activity; problems concerning intellectual property rights and the privatization of knowledge; and the issues of trust, memory and the fragmentation of knowledge.

Suggested Citation

  • Paul A. Davi & dDominique Foray & CNRS and Institut pour le Management de la Recherche et de l`Innovation & Paris-Dauphine University, 2001. "An Introduction to the Economy of the Knowledge Society," Economics Series Working Papers 84, University of Oxford, Department of Economics.
    • Handle: RePEc:oxf:wpaper:84
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    References listed on IDEAS

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    1. Robert J. Gordon, 2000. "Does the "New Economy" Measure Up to the Great Inventions of the Past?," Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 49-74, Fall.
    2. David, P.A., 2000. "Understanding Digital Technology's Evolution and the Path of Measured Productivity Growth: Present and Future in the Mirror of the Past," Papers 99-011, United Nations World Employment Programme-.
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    6. Iain Cockburn & Rebecca Henderson & Scott Stern, 1999. "The Diffusion of Science-Driven Drug Discovery: Organizational Change in Pharmaceutical Research," NBER Working Papers 7359, National Bureau of Economic Research, Inc.
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    Citations

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    Cited by:

    1. Samia Nour, 2014. "The Importance (Impacts) of Knowledge at the Macro–Micro Levels in the Arab Gulf Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 5(3), pages 521-537, September.
    2. Troy, Irene & Werle, Raymund, 2008. "Uncertainty and the market for patents," MPIfG Working Paper 08/2, Max Planck Institute for the Study of Societies.
    3. Weiwei Ye & Yan Wang, 2019. "Exploring the Triple Helix Synergy in Chinese National System of Innovation," Sustainability, MDPI, vol. 11(23), pages 1-17, November.
    4. Samia Nour, 2015. "Overview of Knowledge Economy in the Arab Region," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 6(4), pages 870-904, December.
    5. Philippe Aghion & Paul David & Dominique Foray, 2006. "Linking Policy Research and Practice in 'STIG Systems': Many Obstacles, but Some Ways Forward," Discussion Papers 06-009, Stanford Institute for Economic Policy Research.
    6. Nour, S., 2014. "Challenges and opportunities for transition to knowledge-based economy in Arab Gulf countries," MERIT Working Papers 2014-030, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    7. Nour, S., 2014. "Transition to a knowledge-based economy in Saudi Arabia," MERIT Working Papers 2014-029, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    8. Samia Nour, 2013. "The Incidence and Transfer of Knowledge Within the Arab Societies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 4(4), pages 406-422, December.
    9. Simona Roxana Patarlageanu & Carmen Valentina Radulescu & Mihai Dinu & Marius Constantin, 2020. "The Impact of Heavy Work Investment on the Economy and the Individual," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 22(Special 1), pages 1085-1085, November.
    10. Liudvika Leisyte, 2015. "Understanding knowledge disclosure of bioscientists," CHEPS Working Papers 201503, University of Twente, Center for Higher Education Policy Studies (CHEPS).
    11. Philippe Aghion & Paul A. David & Dominique Foray, 2007. "Science, Technology and Innovation for Economic Growth: Towards Linking Policy Research and Practice in 'STIG Systems'," Discussion Papers 06-039, Stanford Institute for Economic Policy Research, revised Oct 2008.
    12. Pilar Arroyo López & Lourdes Cárcamo Solís, 2009. "El desarrollo de KIBS en México El sector servicios en el contexto de la economía del conocimiento," Economia y Sociedad., Universidad Michoacana de San Nicolas de Hidalgo, Facultad de Economia, issue 23, pages 65-78, Enero-Jun.
    13. Nour, Samia, 2011. "The importance (impact) of knowledge at the macro-micro levels in Sudan," MERIT Working Papers 2011-034, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    14. Botchie, David & Sarpong, David & Bi, Jianxiang, 2018. "A comparative study of appropriateness and mechanisms of hard and soft technologies transfer," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 214-226.
    15. Nour, Samia Satti Osman Mohamed, 2013. "The importance and impacts of knowledge at the macro-micro levels in the Arab Gulf countries," MERIT Working Papers 2013-016, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    16. Aghion, Philippe & David, Paul A. & Foray, Dominique, 2009. "Science, technology and innovation for economic growth: Linking policy research and practice in 'STIG Systems'," Research Policy, Elsevier, vol. 38(4), pages 681-693, May.
    17. Satti Osman Mohamed Nour, Samia, 2019. "Knowledge Economy and Economic Development in the Arab Region," MERIT Working Papers 2019-009, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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    More about this item

    Keywords

    knowledge; information; codification; intellectual property;
    All these keywords.

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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