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Volume :37 Issue : 140 2011      Add To Cart                                                                    Download

Transformation Towards Knowledge Economies with Observations On Some Islamic Countries in This Filed

Auther : Dr. Mohammad O. Batwaih - Dr. Abdel-Qader H. Chachi

     The modern scientific and technological developments have recently generated a number of new concepts in the field of economics, such as digital economy, electronic trade (e-commerce), information technology, electronic databases, value added information, electronic government, etc. This led to economies based on a new understanding of the role of knowledge and human capital in the development of modern societies. Many countries have followed different economic models that use science and technology. The industrial developed countries have achieved a high level of scientific and technological development by giving this field top priority. They exploited these developments effectively in realizing economic benefits and strengthening their positions in the political and business arenas. Within this contex, the knowledge economy has become one of most important fields of economics, where information and data represent economic resources and an important factor in world competition. It has also become an effective engine growth for non exhaustible resources. It generates value added far much better than what is generated by the rent economies of the Islamic countries.

     The objective of this research is to highlight the concept of knowledge economy, its impact on the development of society, the challenges facing Islamic countries in this field, and determine the gap between islamic and the developed countries through the evaluation of some of the indicators related to knowledge economy in selected countries (Malaysia, Turkey,  Qatar and Kuwait). In addition to identifying the suitable measures that can reduce the scientific and technological gap, so that the Islamic countries will reach their right position among the countries of the world.

     The authors believe that this will not matevialize until the different sectors of the economy move to activities that are based on the Islamic comprehensive concept of knowledge as experienced in the period lasting between the 7th and the 15th centuries AD, when pioneering, innovation, creativity and perseverance were the bases for all economic activities.

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May 18, 2017

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