What is the knowledge economy, what are its key characteristics

Question

what is the knowledge economy? what are its key characteristics. and why is it so important. is the shift to the knowledge economy going to happen. when it does who will be the leadering people? politicians, resource rich countries like countries with oil?

Answer 1

The "knowledge economy" is a reference to the fact that positions that utilize intellectual know-how (knowledge) are increasingly important relative to jobs that require physical know-how (labor). The value of someone who can write computer code is increasing relative to the value of someone who can assemble a computer on a production line. .

Answer 2

I found some interesting answers on the web...most of your questions are answered on  wikipedia...