KE and Construction

Riad Mannan looks at the role of the construction industry in the development of a knowledge economy.  The term ‘knowledge-based economy’ has been used to describe a movement towards an economy not necessarily based on products or services, but one based on the use of knowledge.  For products and services, instead read ‘ideas’ and ‘thinking’. In the knowledge-based economy, knowledge itself is the main driver of economic growth. Following the industrial age and the information age, now comes the knowledge age.  Increased competition in a globalised world is forcing governments and companies to look at how best to increase productivity and improve performance. I believe the use of knowledge will be key.  Rest at ArabianBusiness.com