What is k-economy objectives?

Question

k-economy

Answer 1

K-economy stands for knowledge economy. "Knowledge economy" is a vague term that refers either to an economy of knowledge focused on the production and management of knowledge in the frame of economic constraints, or to a knowledge-based economy. In the second meaning, more frequently used, it refers to the use of knowledge technologies (such as knowledge engineering and knowledge management ) to produce economic benefits.

A key concept of this sector of economic activity is that knowledge and education (often referred to as "human capital") can be treated as:

- A business product, as educational and innovative intellectual products and services can be exported for a high value return.

- A productive asset

The initial foundation for the Knowledge Economy was first introduced in 1966 in a book by Peter Drucker. The Effective Executive described the difference between the Manual worker (page 2) and the knowledge worker. He differentiated between the two by describing a manual worker who works with his hands and produces "stuff". In contrast, a knowledge worker (page 3) works with his or her head not hands, and produces ideas, knowledge, and information.