Six features of the knowledge economy
Meaning of the knowledge economy
The knowledge economy is an economy based on the production and dissemination of knowledge, based on the spirit of change and innovation, dominated by high-technology industries and aimed at sustainable development. It emphasizes the central role of knowledge in economic growth and views the production and diffusion of science and technology as key to economic development。
Basic features of the knowledge economy
1. The driving force of the knowledge economy: the digital information revolution, which promotes fundamental changes in social production, work and lifestyles through a combination of computer, communication and information content。
2. The main resource of the knowledge economy: the intellectual resources developed in a sustainable manner, with knowledge and information as the main product, to optimize the allocation of resources。
3. Leading industries in the knowledge economy: industry dominated by knowledge and information services, and the gradual integration of manufacturing and services, especially those providing knowledge and information services, will become the dominant industries in society。
The principle of the return of the knowledge economy: the reward of gains and size increases, and the investment of knowledge capital breaks down the principle of “recession” and promotes economic development。
5. Management focus of the knowledge economy: research, development and innovation of knowledge, as well as training of knowledge holders, stimulate innovation to become central to policy。
6. Methods of production of the knowledge economy: non-standardization and decentralization, small quantities, variety and efficient methods of production, individual production by employees at home or in scattered places through computer networks。
Challenges and opportunities in the knowledge economy
In the age of the knowledge economy, competitive advantages arise from knowledge, innovation and continuous learning. The international competitiveness of a country will depend on the size and quality of its knowledge economy. We therefore need to vigorously develop the knowledge economy, based on the understanding of its meaning and the characteristics of the times, in order to achieve the strategic objectives of our country over the centuries。
