This paper highlights the importance of knowledge for longterm economic growth. The description is composed by our digital data assistant. 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. Dahlman abstract this paper highlights the importance of knowledge for longterm economic growth. The knowledge economy, the kam methodology and world bank operations derek h. The knowledge economy, the kam methodology and world bank operations english abstract. Eci measures the knowledge intensity of an economy by considering the knowledge intensity of the products it exports. The site provides individual api access endpoints for each dataset.
World bank list of economies june 2017 economy income group geographic classifications in this table cover all income levels. The oecds oslo manual identifies two forms of innovation in. 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. Oec economic complexity ranking of countries 202017. 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 world bank.
World development indicators wdi is the primary world bank collection of development indicators, compiled from officially recognized international sources. Creative commons attributionnoncommercialnoderivatives 3. In particular, the main personal capital of knowledge workers is knowledge, and many knowledge worker jobs require. Financial support from the knowledge for change program of the world bank is gratefully acknowledged. Why did the world bank decide to update the international poverty line. This table classifies all world bank member countries 189, and all other economies with populations of more than 30,000. In addition to discussing global and regional prospects, this edition includes several pieces on. The top 5 countries also includes finland, denmark, netherlands, and norway. The knowledge economy, the kam methodology and world bank operations. The business indicators are classified into starting, doing, and ending business. World bank country and lending groups world bank data.
The team would also like to express its gratitude to analysts at several private financial firms and rating institutions, whose participation. Indeed, it could be argued that such a system doesnt really exist in any meaningful sense. However, inclusive growth and development remain primarily an aspiration. Financing international development association world bank. Knowledge economy index world bank kapsarc data portal. An educated and appropriately trained population is capable of creating, sharing, and using knowledge.
The world bank comprises the international bank for reconstruction and development ibrd and the international development association ida. The four ke components of the world bank are employed, notably. 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. Pages 26262643 received 12 apr 2017, accepted 27 oct 2018. 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. With the global knowledge index, we offer the world a scientific tool to. The world bank is a component of the world bank group. A modern and accessible ict infrastructure serves to facilitate the effective communication, dissemination, and processing of information. Pdf we propose the construction of a digital knowledge economy index. Data relevant to the coronavirus pandemic, drawn from the world banks data catalog and other authoritative sources. The dataset diagnoses legal barriers limiting womens full economic participation and encourages policymakers to reform discriminatory laws. No derivative worksyou may not alter, transform, or build upon.
Open finances uses an external platform and the included api. Fragile countries are amongst the most data deprived and collecting new. As of 2012, knowledge economy index in sweden was 9. For operational and analytical purposes, economies are. The web archives collection dates back to 1998 and includes. 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. It presents the concept of the knowledge economy, an economy where knowledge is the main engine of economic growth. The world bank classifies economies for analytical purposes into four income groups.
It was created by the world bank institute using the knowledge assessment. The paper also introduces the knowledge economy framework. One indicator of the creation of new knowledge and technologies is the number. Economy index kei for different countries and the creation of the country. The knowledge indexes were designed as an interactive tool for benchmarking a countrys position visavis others in the global knowledge economy. Learn about the theory, practice, and results of several of the world. Learn how developing countries and emerging markets may strategically. We have chosen content just for you based on your selected topics and previous views.
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. Knowledge economy index oman global standing portal. World bank east asia and pacific economic update, april 2020. According to the world bank, knowledge economies are defined by four pillars. The world bank group works in every major area of development. 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. The world bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. 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.
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. The world bank group has set two goals for the world to achieve by 2030. The index uses the base of the world bank knowledge economy index. 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. Should i use national or international poverty lines. The kam knowledge economy index kei is an aggregate index that. 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 global economic prospects gep is the world banks semiannual flagship publication on the state of the world economy. Sweden is the top country by knowledge economy index in the world. The organizations mission is to end extreme poverty and boost shared prosperity in a.
This paper assesses the role of knowledge economy ke in african business in 53 countries for the period 19962010. 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. The knowledge index or ki is an economic indicator prepared by the. The state new economy index uses 25 indicators to measure the extent to which state economies are knowledgebased, globalized, entrepreneurial, itdriven, and innovationoriented. The world development indicators is a compilation of relevant, highquality, and internationally comparable statistics about global development and the fight against poverty. Noncommercialyou may not use this work for commercial purposes. No systemic framework has emerged to guide policy and practice. 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. Different geographies and jurisdictions play different roles in the global economy.
After all, human cultures have always relied on knowledge to survive and improve their lives. Based on these dimensions, the world bank institute developed two important indices. Insight report the inclusive growth and development report. World bank annual report 2017 english the world bank.
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. There is still no agreed definition of what a knowledge economy is. The human development index hdi is an index that measures key dimensions of human development. Access to education measured by expected years of schooling of children at schoolentry age and mean years of schooling of the adult population. 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 knowledge economy or the knowledgebased economy is the use of knowledge to create goods and services. 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 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.
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. Kapsarc aggregated open data aligned to advancing your energy economics understanding and research. India and the knowledge economy assesses indias progress in becoming a knowledge economy and suggests actions to strengthen the economic and institutional regime, develop educated and skilled workers, create an efficient innovation system, and build a dynamic information infrastructure. Data on statistical capacity the world banks statistical capacity indicator is a composite score assessing the capacity of a countrys statistical system. The global average cost of sending remittances has remained nearly flat at 7.
Figure 6 knowledge economy index world bank documents. It provides pragmatic policy lessons drawn from koreas fortyfive years of knowledgebased growth. In a nutshell, the outlook for the global economy has darkened, amid slowing activity and heightened downside risks. For this purpose it uses gross national income gni per capita data in u. The web archives program was launched in march 2007 to preserve historical and research value of world bank websites that had been discontinued or significantly updated. The knowledge economy, the kam methodology and world bank. Women, business and the law wbl is a world bank group project that collects data on gender inequality in the law. Surveys of research and experimental development frascati manual 1993. Pci measures the knowledge intensity of a product by. 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. Country borders or names do not necessarily reflect the world bank groups official position. 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.