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Knowledge Economy

  • By: Niels Agger-Gupta & Dorothy E. Agger-Gupta
  • In: Encyclopedia of Distributed Learning
  • Edited by: Anna Distefano, Kjell Erik Rudestam & Robert J. Silverman
  • Subject:Online Learning & Distance Ed
The knowledge economy is one in which the generation and the exploitation of knowledge has come to play the predominant part in the creation of wealth. It is not simply about pushing back the frontiers of knowledge; it is also about the more effective use and exploitation of all types of knowledge in all manner of economic activity.
(Houghton & Sheehan, 2000)

To remain relevant in a changing world, educators—whether based in universities, organizations, communities, or homes—need to be cognizant of the unique nature, requirements, and opportunities of today's knowledge economy. Social, organizational, and political changes are inextricably tied to changing economies. Widespread use of Internet-based communication and instant access to dispersed information accelerate change in our interdependent world. The strategic competencies needed in the knowledge economy ...

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