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Validating The Indicators for the Knowledge-Based Economy: A Case Study of Economic Development Board of Singapore

Validating The Indicators for the Knowledge-Based Economy: A Case Study of Economic Development Board of Singapore
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Author(s): Abdus Sattar Chaudhry (Nanyang Technological University, Singapore) and Fong Pin Fen (Nanyang Technological University, Singapore)
Copyright: 2006
Pages: 4
Source title: Emerging Trends and Challenges in Information Technology Management
Source Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-59904-019-6.ch218
ISBN13: 9781616921286
EISBN13: 9781466665361

Abstract

The Knowledge Based Economy (KBE) and its effects are often recognized and discussed, but there are generally no agreed upon means to measure the progress towards a KBE or the lack of it. Focus group discussions at the Economic Development Board of Singapore helped validate knowledge indicators used by countries over the years against Singapore’s economy in order to validate these indicators and propose new measures. The validation process also yielded specific recommendations for building up knowledge capabilities in terms of knowledge creation, acquisition, dissemination and application which will aid Singapore in formulating strategies for the KBE.

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