ISSN 2394-5125
 

Research Article 


KNOWLEDGE-BASED ECONOMIC DEVELOPMENT: A COMPARATIVE STUDY OF SELECTED COUNTRIES

Manju, Anand Chauhan.

Abstract
Today‘s buzz word is ―digitalization‖ all over the world, world is midst of great transformation
to knowledge-based economy. In this competitive era, every country is transforming itself from traditional
economy to knowledge economy. Over the last few decades, the concept of knowledge economy became
increasingly important as it leads to economic growth and competitiveness in overall economic sectors. It refers
to an economy where knowledge production, distribution and utilization are mainly directed by economic
growth, wealth creation and augmented employment. Additionally, intellectual capabilities become more
important than physical inputs.
The study discusses the progress in transition to knowledge-based economy in India. This paper is intended to
provide an insightful analysis on the concept of knowledge economy and throws a light on existing condition of
knowledge economy in India with respect to four pillars economic and institutional regime, education,
information and communication technology and innovation over period 2009-2018. As for the methodology,
updated secondary data has been used from different sources, both descriptive and comparative approach has
been used. The paper will conclude by providing an overview of strengths and weaknesses of knowledge
economy in India. The significant difference has been found among India, Korea, Japan and Finland. India
ranked last among these four countries though it is improving in the key pillars of KE but for sustainable growth
and development India need to work on policy framework.

Key words: India, Knowledge-Based Economy, Knowledge-Pillars, institutional regime, education,information and communication technology, innovation


 
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Pubmed Style

Manju, Anand Chauhan. KNOWLEDGE-BASED ECONOMIC DEVELOPMENT: A COMPARATIVE STUDY OF SELECTED COUNTRIES. JCR. 2020; 7(19): 6143-6169. doi:10.31838/jcr.07.19.712


Web Style

Manju, Anand Chauhan. KNOWLEDGE-BASED ECONOMIC DEVELOPMENT: A COMPARATIVE STUDY OF SELECTED COUNTRIES. http://www.jcreview.com/?mno=133762 [Access: September 14, 2020]. doi:10.31838/jcr.07.19.712


AMA (American Medical Association) Style

Manju, Anand Chauhan. KNOWLEDGE-BASED ECONOMIC DEVELOPMENT: A COMPARATIVE STUDY OF SELECTED COUNTRIES. JCR. 2020; 7(19): 6143-6169. doi:10.31838/jcr.07.19.712



Vancouver/ICMJE Style

Manju, Anand Chauhan. KNOWLEDGE-BASED ECONOMIC DEVELOPMENT: A COMPARATIVE STUDY OF SELECTED COUNTRIES. JCR. (2020), [cited September 14, 2020]; 7(19): 6143-6169. doi:10.31838/jcr.07.19.712



Harvard Style

Manju, Anand Chauhan (2020) KNOWLEDGE-BASED ECONOMIC DEVELOPMENT: A COMPARATIVE STUDY OF SELECTED COUNTRIES. JCR, 7 (19), 6143-6169. doi:10.31838/jcr.07.19.712



Turabian Style

Manju, Anand Chauhan. 2020. KNOWLEDGE-BASED ECONOMIC DEVELOPMENT: A COMPARATIVE STUDY OF SELECTED COUNTRIES. Journal of Critical Reviews, 7 (19), 6143-6169. doi:10.31838/jcr.07.19.712



Chicago Style

Manju, Anand Chauhan. "KNOWLEDGE-BASED ECONOMIC DEVELOPMENT: A COMPARATIVE STUDY OF SELECTED COUNTRIES." Journal of Critical Reviews 7 (2020), 6143-6169. doi:10.31838/jcr.07.19.712



MLA (The Modern Language Association) Style

Manju, Anand Chauhan. "KNOWLEDGE-BASED ECONOMIC DEVELOPMENT: A COMPARATIVE STUDY OF SELECTED COUNTRIES." Journal of Critical Reviews 7.19 (2020), 6143-6169. Print. doi:10.31838/jcr.07.19.712



APA (American Psychological Association) Style

Manju, Anand Chauhan (2020) KNOWLEDGE-BASED ECONOMIC DEVELOPMENT: A COMPARATIVE STUDY OF SELECTED COUNTRIES. Journal of Critical Reviews, 7 (19), 6143-6169. doi:10.31838/jcr.07.19.712