Modeling the development toward the knowledge economy: a national capability approach
Abstract
Purpose
This paper aims to model the national development of the knowledge economy and argue its policy implications.
Design/methodology/approach
The methodology is a deductive research approach. First, the paper examines fundamental epistemological assumptions of the literature on the knowledge economy to identify major views on the knowledge economy. Second, it synthesizes relevant studies of the knowledge economy to develop key concepts to be used in the theoretical model of the knowledge economy.
Findings
The paper argues that among three views of the knowledge economy (i.e., knowledge‐as‐asset, knowledge‐as‐relation, and knowledge‐as‐capability views), the knowledge‐as‐capability view is the most appropriate to explain the knowledge economy. However, this view is still evolving to explain the knowledge economy. Only a few studies have discussed national capabilities, but they omitted many points of capability as an aspect of knowledge. Although many studies have discussed organizational capabilities and provided some insight, these ideas are not directly applicable at the national level.
Practical implications
This paper suggests that to develop a knowledge economy a national government should be concerned about the balanced development of the whole system of the economy, while paying due attention to knowledge‐related activities.
Originality/value
This paper proposes a theoretical model of the knowledge economy, using original concepts of three types of national basic capability, i.e., epistemic capability, economic capability, and institutional capability and national developmental capability as the meta‐capability of leveraging, orchestrating, and restructuring those basic capabilities.
Keywords
Citation
Dang, D. and Umemoto, K. (2009), "Modeling the development toward the knowledge economy: a national capability approach", Journal of Knowledge Management, Vol. 13 No. 5, pp. 359-372. https://doi.org/10.1108/13673270910988169
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited