Advertisement

Knowledge Economy: Why Is It So Important for Developing Nations

  • Neslihan Aydogan-Duda
Chapter
Part of the Innovation, Technology, and Knowledge Management book series (ITKM, volume 14)

Abstract

It is not a mystery that Chinese companies are the leading actors in applying the low-cost company strategy. Business strategists have a well-defined compass: it is either a company chooses to produce cheap products and services via reducing the input costs or they could differentiate their products by tweaking their features or by upgrading their existing products and launching new products and services on a continuous basis. Select few can execute these two strategies simultaneously by making use of a cheap logistics structure, low inventory costs via, for example, just in time delivery. Today, it is difficult to keep up with the Chinese products with the notorious ability of the Chinese companies to employ very cheap labor and the Chinese government’s strategy in holding on to large reserves of American dollars.

Keywords

Tacit Knowledge Chinese Company Knowledge Economy Information Infrastructure National Innovation System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Dahlman C, Utz A (2005) India and the knowledge economy: leveraging strengths and opportunities. World Bank, WashingtonGoogle Scholar
  2. Florida R, Kenney M (1992, paperback 1991) The Breakthrough Illusion: Corporate America’s Failure to Link Production and Innovation. New York: Basic BooksGoogle Scholar
  3. Forfás (Policy Advisory and Coordination Board for Industrial Development, Science and Technology in Ireland) (1996) Shaping our future: a strategy for enterprise in Ireland in the 21st century. Government of Ireland. http://www.forfas.ie/publication/search.jsp?ft=/publications/1996/Title,3778,en.php. Accessed 16 Sept 2000
  4. Houghton P, Sheehan P (2000) A primer on the knowledge economy. Working Paper no. 18, Centre for Strategic Economic Studies, Victoria University of Technology, Melbourne. http://www.cfses.com/documents/knowledgeeconprimer.pdf. Accessed 4 May 2007
  5. Kenney M, Richard F (1991) Transplanted organizations: the transfer of Japanese industrial organization to the United States. Am Soc Rev 56:381–398CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media, LLC 2012

Authors and Affiliations

  1. 1.Walker Center for Global EntrepreneurshipThunderbird School of Global ManagementGlendaleUSA

Personalised recommendations