Pdf we propose the construction of a digital knowledge economy index. The world bank classifies economies for analytical purposes into four income groups. Data relevant to the coronavirus pandemic, drawn from the world banks data catalog and other authoritative sources. Based on these dimensions, the world bank institute developed two important indices.
There is still no agreed definition of what a knowledge economy is. This paper highlights the importance of knowledge for longterm economic growth. The world bank group has set two goals for the world to achieve by 2030. According to the world bank, knowledge economies are defined by four pillars. Following the basic definition, developed by the oecd and the world bank, the knowledge economy is an economy built, assimilated, transferred, and effectively used by enterprises, organisations, individuals and societies, being a source of growth and progress for. Eci measures the knowledge intensity of an economy by considering the knowledge intensity of the products it exports. Indeed, it could be argued that such a system doesnt really exist in any meaningful sense. The dataset diagnoses legal barriers limiting womens full economic participation and encourages policymakers to reform discriminatory laws. World development indicators wdi is the primary world bank collection of development indicators, compiled from officially recognized international sources. It presents the concept of the knowledge economy, an economy where knowledge is the main engine of economic growth. The team would also like to express its gratitude to analysts at several private financial firms and rating institutions, whose participation. In particular, the main personal capital of knowledge workers is knowledge, and many knowledge worker jobs require. The inclusive growth and development report 2017 v over the past several years, a worldwide consensus has emerged on the need for a more sociallyinclusive approach to generating economic growth. World bank list of economies june 2017bold indicates a change of classification x x economy isn region income group x x x x x 45 congo, dem.
Knowledge economy index kei 2007 rankings table 1 knowledge economy index kei 2007 rankings country 2007 rank kei 2007 1995 rank change from 1995 country 2007 rank kei 2007 1995 rank change from 1995 sweden 1 9. A modern and accessible ict infrastructure serves to facilitate the effective communication, dissemination, and processing of information. Pages 26262643 received 12 apr 2017, accepted 27 oct 2018. The knowledge economy, the kam methodology and world bank operations. Pci measures the knowledge intensity of a product by. No systemic framework has emerged to guide policy and practice. The four ke components of the world bank are employed, notably. World bank country and lending groups world bank data.
We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. The top 5 countries also includes finland, denmark, netherlands, and norway. This paper assesses the role of knowledge economy ke in african business in 53 countries for the period 19962010. Economy index kei for different countries and the creation of the country. Methodologically, the ki is the simple average of the normalized performance scores of a country or region on the key variables in three knowledge economy pillars education and human resources, the innovation system. In a nutshell, the outlook for the global economy has darkened, amid slowing activity and heightened downside risks. Creative commons attributionnoncommercialnoderivatives 3. Should i use national or international poverty lines.
The knowledge economy, the kam methodology and world bank. Learn about the theory, practice, and results of several of the world. The database contains 1,600 time series indicators for 217 economies and more than 40 country groups, with data for many indicators going back more than 50 years. After all, human cultures have always relied on knowledge to survive and improve their lives. For this purpose it uses gross national income gni per capita data in u. Insight report the inclusive growth and development report. The oecds oslo manual identifies two forms of innovation in. Data on the sustainable development goals are now presented in a new companion publication, atlas of sustainable development goals 2017, which analyzes and visualizes world development indicators data to explore progress toward the goals for 2030 and catalyzes discussion of measurement issues and data needs. The kam knowledge economy index kei is an aggregate index that. In addition to discussing global and regional prospects, this edition includes several pieces on. Noncommercialyou may not use this work for commercial purposes. This report on korea is geared towards policy makers from developing countries that are in the midst of, or are intending to, embark on the transition towards the knowledge economy. The knowledge economy or the knowledgebased economy is the use of knowledge to create goods and services. The web archives collection dates back to 1998 and includes.
The organizations mission is to end extreme poverty and boost shared prosperity in a. The site provides individual api access endpoints for each dataset. Financial support from the knowledge for change program of the world bank is gratefully acknowledged. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that. Surveys of research and experimental development frascati manual 1993. World bank east asia and pacific economic update, april 2020.
For operational and analytical purposes, economies are. East asia and pacific in the time of covid19 the covid19 virus that triggered a supply shock in china has now caused a global shock. Oec economic complexity ranking of countries 202017. Data on the sustainable development goals are now presented in a new companion publication, atlas of sustainable development goals 2017, which analyzes and visualizes world development indicators data to explore progress toward the goals for 2030 and catalyzes discussion of measurement issues and. Data on statistical capacity the world banks statistical capacity indicator is a composite score assessing the capacity of a countrys statistical system. However, inclusive growth and development remain primarily an aspiration. The description is composed by our digital data assistant. Why did the world bank decide to update the international poverty line. Developing economies in east asia and the pacific eap, recovering from a trade war and struggling with a viral disease, now face the prospect of a. As of 2012, knowledge economy index in sweden was 9.
The state new economy index uses 25 indicators to measure the extent to which state economies are knowledgebased, globalized, entrepreneurial, itdriven, and innovationoriented. With the global knowledge index, we offer the world a scientific tool to. Recipients with a high risk of debt distress receive 100 percent of their financial assistance in the form of grants and those with a medium risk of debt distress receive. The business indicators are classified into starting, doing, and ending business. Different geographies and jurisdictions play different roles in the global economy. School enrollment, primary and secondary gross, gender parity index gpi terrestrial and marine protected areas % of total territorial area total greenhouse gas emissions kt of co2 equivalent urban population. We have chosen content just for you based on your selected topics and previous views. Knowledge economy index world bank kapsarc data portal. In particular, it refers to a high portion of skilled workers in the economy of a locality, country, or the world, and the idea that most jobs require specialized skills. The worldwide governance indicators wgi are a research dataset summarizing the views on the quality of governance provided by a large number of enterprise, citizen and expert survey respondents in industrial and developing countries. The economic complexity index eci and the product complexity index pci are, respectively, measures of the relative knowledge intensity of an economy or a product. The knowledge index or ki is an economic indicator prepared by the.
Financing international development association world bank. An educated and appropriately trained population is capable of creating, sharing, and using knowledge. Dahlman abstract this paper highlights the importance of knowledge for longterm economic growth. Figure 6 knowledge economy index world bank documents. It provides pragmatic policy lessons drawn from koreas fortyfive years of knowledgebased growth. The index uses the base of the world bank knowledge economy index. The world bank comprises the international bank for reconstruction and development ibrd and the international development association ida. The world bank group works in every major area of development. Learn how developing countries and emerging markets may strategically.
Knowledge economy index oman global standing portal. Knowledge economy index kei 2007 rankings world bank. The human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender. The knowledge index or ki is an economic indicator prepared by the world bank institute to measure a countrys ability to generate, adopt and diffuse knowledge. Access to education measured by expected years of schooling of children at schoolentry age and mean years of schooling of the adult population. The human development index hdi is an index that measures key dimensions of human development.
The paper also introduces the knowledge economy framework. The knowledge economy, the kam methodology and world bank operations english abstract. It was created by the world bank institute using the knowledge assessment. The global economic prospects gep is the world banks semiannual flagship publication on the state of the world economy.
Fragile countries are amongst the most data deprived and collecting new. Country borders or names do not necessarily reflect the world bank groups official position. Open finances uses an external platform and the included api. World bank annual report 2017 english the world bank. Sweden is the top country by knowledge economy index in the world. The knowledge indexes were designed as an interactive tool for benchmarking a countrys position visavis others in the global knowledge economy. No derivative worksyou may not alter, transform, or build upon. The lending terms are determined with reference to recipient countries risk of debt distress, the level of gni per capita, and creditworthiness for the international bank for reconstruction and development ibrd borrowing. The world bank is a component of the world bank group. The knowledge economy, the kam methodology and world bank operations derek h.
369 1486 1584 1185 408 509 541 79 589 1391 1616 1589 102 1018 406 178 704 1149 740 1337 1084 1076 356 1179 807 911 982 485 171 1281 1119 1050