Knowledge economy

The knowledge economy is the use of knowledge (savoir, savoir-faire, savoir-être) to generate tangible and intangible values. Technology and in particular knowledge technology help to transform a part of human knowledge to machines. This knowledge can be used by decision support systems in various fields and generate economic values. Knowledge economy is also possible without technology.

The term was popularized by Peter Drucker as the title of Chapter 12 in his book The Age of Discontinuity, that Drucker attributed to economist Fritz Machlup, originating in the idea of "scientific management" developed by Frederick Winslow Taylor.

Other than the agricultural-intensive economies and labor-intensive economies, the global economy is in transition to a "knowledge economy", as an extension of an "information society" in the Information Age led by innovation. The transition requires that the rules and practices that determined success in the industrial economy need rewriting in an interconnected, globalized economy where knowledge resources such as trade secrets and expertise are as critical as other economic resources.

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Latest News for: knowledge economy

Live Thursday at 8 a.m.: 2025 Midwest Economic Outlook Summit

The Daily Republic 20 Feb 2025
These discussions will feature distinguished speakers from banking, real estate, technology and more, offering diverse perspectives on the challenges and strategies shaping the region’s economy.

Why Trump's bullying is going to backfire

The Times of India 19 Feb 2025
Here's how we think the global economy operates today ... There is the chipmaking ecosystem.' And the people, parts and knowledge that make up those ecosystems all move back and forth across many economies.

Following is a report by Emirates News Agency (WAM) as part of FANA's economic file

Kuna 19 Feb 2025
These efforts are primarily intended to shore up the pillars of a sustainable and diversified national economy that is based on innovation and knowledge, and keeps abreast of global transformations.

When Mistakes Drive Innovation: Rebranding EdTech Leadership

Forbes 19 Feb 2025
The shift from a knowledge-based economy to a skills-based economy in EdTech leadership forces leaders to closely examine their relationships with mistakes ... .

Pakistan invites DCP participants in Digital FDI initiative

Urdu Point 19 Feb 2025
... global projects by helping nations identify and implement policies to attract investment in the digital economy.</p><p>It aims to foster knowledge sharing on successful digital reforms.

Jordan, Kazakhstan sign memorandum of cooperation in digital transformation

Petra 19 Feb 2025
Smeirat emphasized that the memorandum reflects Jordan’s commitment to advancing digital transformation and leveraging international experiences to support innovation and build a sustainable digital economy.

SRTI Park hosts ‘Innovation Day’ as part of 'UAE Innovates 2025'

Urdu Point 19 Feb 2025
The event provided a strategic opportunity for knowledge exchange among participants, inspiring future generations, stimulating the investment and economic landscape, and fostering partnerships ...

Top 10 Largest Economies In The World By GDP In 2025

News18 19 Feb 2025
General Knowledge. Forbes India ranks the top 10 largest economies of 2025 by GDP, with the US leading, followed by China, Germany, Japan, and India ... .

Ministry of Education signs MoUs with Russian Education Ministry, Sirius educational foundation

Urdu Point 19 Feb 2025
"Through these efforts, the UAE continues to strengthen its presence on the global educational landscape and build an integrated educational system that supports the wise leadership's vision of a ...

Iran launches pilot project to extract, purify helium from natural gas for first time

Press TV 19 Feb 2025
Eslami. Iran's nuclear program completely transparent ... In this way, the country can benefit from the income share and the domestic and export market within the framework of the knowledge-based economy." ... www.presstv.co.uk ....

Huawei to showcase cutting-edge cloud and AI innovations at Web Summit Qatar 2025

The Peninsula 19 Feb 2025
As Qatar moves toward a knowledge-based economy, we look forward to collaborating with industry leaders, government stakeholders, and technology pioneers to support the country’s digital ambitions and shape the future of AI-driven innovation.”. .

United Community Bank named to Newsweek\u2019s America's Best Regional Banks 2025

Daily Gate City 19 Feb 2025
“We are honored to again be named among the nation’s top regional banks for 2025,” said Robert A ... With intimate knowledge of local economies, these banks often form strong bonds with customers, enabling them to better meet their needs ... .

Inject Cash System: I Spent $17 to See If It’s Legit—My Honest Results

Belleview Reporter 19 Feb 2025
In essence, the Inject Cash System is more than just a tool for generating income; it’s a comprehensive solution that empowers users with the knowledge and resources they need to succeed in the digital economy.

“The energy that I witnessed at LEAP was amazing, we believe in the vision of ...

Tahawultech 19 Feb 2025
... Affairs for Estonia, to find out how the countries are partnering to support their own journeys of digital transformation and these look to future-proof their growth on a knowledge-based economy.
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