Loo, Sai; (2011) A re-assessment of knowledge from the perspective of the knowledge economy. The International Journal of the Humanities: Annual Review , 9 (2) pp. 111-120. 10.18848/1447-9508/CGP/v09i02/43115.

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Abstract

The knowledge economy is emerging and writers from various disciplines have written about it. The aim of this paper is to provide a definition of what knowledge is in relation to this new form of economy. It uses literature from writers across disciplines such as sociology, economics, and business management and empirical data. The writers include Bell (1973), Castells (2000), Lash and Urry (1994), Quah (1999), Knorr Cetina (2005), Nonaka and Takeuchi (1995), and Drucker (1993). Using a relational approach, this article argues that there is a wide spectrum of views and that this emerging economy has no defined boundaries but connective dimensions with other styles of economies. Knowledge from the perspective of knowledge economy should also be viewed in a relational manner. Knowledge of science, technology, and culture industries are important. In addition to a definition of knowledge relating to the knowledge economy, this article also offers insights that are relevant for those people - creative knowledge workers – utilising such knowledge creatively to produce commercially viable products/services. The paper uses an example of such a worker to exemplify the types of knowledge required to carry out his/her role in the knowledge economy. It finishes with some implications for working and learning.

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