Transcription of THE KNOWLEDGE-BASED ECONOMY
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THE KNOWLEDGE-BASED ECONOMY
GENERAL DISTRIBUTIONOCDE/GD(96)102 THE KNOWLEDGE-BASED ECONOMYORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENTP aris 19962 Copyright OECD, 1996 Applications for permission to reproduce or translate all or part of this material shouldbe made to:Head of Publications Service, OECD, 2 rue Andr Pascal, 75775 Paris, Cedex 16, OECD economies are increasingly based on knowledge and information. Knowledge is nowrecognised as the driver of productivity and economic growth, leading to a new focus on the role ofinformation, technology and learning in economic performance. The term knowledge-basedeconomy stems from this fuller recognition of the place of knowledge and technology in modernOECD analysis is increasingly directed to understanding the dynamics of the knowledge-basedeconomy and its relationship to traditional economics, as reflected in new growth theory.
new technologies, which are the engine of longer-term gains in productivity and employment, generally improves the “skills base” of the labour force in both manufacturing and services. And it is largely because of technology that employers now …
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