Knowledge-based economy in the second half of 1404 Perspective Document

IUESA: Mohsen Tabatabaei Mozdabadi, secretary of Iran Urban Economics Scientific Association (IUESA), made the remarks in an article in IRNA News Agency. Following is the full text:

The process of global economy indicates that it moves toward knowledge-based economy from industrial economy, but creating knowledge-based economy is a complex and multi-dimensional matter and it requires exact and accurate mechanism. This type of economy needs available and high quality educational facilities, communicative and informational infrastructures, systematic research and development, constant innovation, and organizational support.

Moving toward this type of economy is not merely knowledge-based products and services, but it also includes mechanism of internalization and institutionalization of knowledge and technology. Looking to the ranking of different countries in the field of knowledge-based economy, we consider that the most affluent countries are those that are based on knowledge-based economy. For instance, Scandinavian countries such as Finland, Denmark, the Netherlands and Luxembourg have the highest ranks in the field of knowledge-based economy. Generally, more than 50 percent of countries’ GDP is based on knowledge in Organization for Economic Cooperation and Development (OECD) that encompasses major industrialized countries.