Tunisia (Tunis) – Knowledge has become the major driving force of economic and social development. Coupled with globalization and accelerated by the rapid distribution and transfer of knowledge, this development impacts all countries and regions.
The concept of the Knowledge Economy has now entered the mainstream of economic policies for many developed and developing countries. According to the World Bank Knowledge Assessment Methodology, for a knowledge economy to thrive in a country it needs four pillars: a sound economic and institutional regime; education; information infrastructure; and, an innovation system.
Global Arab Network reports According to the World Bank that Tunisia is leading the way in the Middle East and North Africa region, embracing what it takes to develop a knowledge-based economy which will help the country better use its strong human capital to enhance productivity and growth.
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Technological progress is often thought to come at the expense of humanity. When the economy revolved around physical labor in the 19th century, there was fear of mechanization. American folk hero John Henry is said to have died after winning a race pounding railroad spikes against a steam hammer. In the knowledge economy, John Henry’s role has been played by the likes of Russian chess champion Gary Kasparov, who battled against IBM’s Deep Blue and lost in 1997. Rest at Google’s Poetry Translation Falls Short
Global IT spending will rise by more than three per cent to $2.5tn (£1.58tn) in 2011, according to new figures from Gartner. Spending is still low in Europe and North America, the analyst firm said, and will not reach the high points seen in 2008 in some vertical markets like manufacturing and financial services until at least 2014. By contrast, emerging markets like China and South America will drive corporate IT spending as companies in the regions gear up for new knowledge economy jobs. “At the heart of the change over the next 20 years will be intelligence drawn from information,” said Peter Sondergaard, a senior vice president and global head of research at Gartner. “Information will be the ‘oil of the 21st century’. It will be the resource running our economy in ways not possible in the past.” Rest at V3.co.uk