Knowledge-based economies and basing economies on knowledge skills a missing link in GCC countries

While an Information and Communication Technology (ICT) infrastructure is a crucial ingredient of a knowledge-based economy (KBE), a skilled labor force and a supportive institutional and business environment are equally important in that they facilitate an economy to use knowledge in a way that is...

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Bibliographic Details
Main Authors: Kumar, Krishna B., Welsum, Desiree van (Author)
Corporate Author: Rand Corporation
Format: eBook
Language:Spanish
Published: Santa Monica, CA RAND 2013, 2013
Subjects:
Online Access:
Collection: JSTOR Open Access Books - Collection details see MPG.ReNa
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100 1 |a Kumar, Krishna B. 
245 0 0 |a Knowledge-based economies and basing economies on knowledge  |h Elektronische Ressource  |b skills a missing link in GCC countries  |c Krishna B. Kumar, Desiree van Welsum 
246 3 1 |a Skills a missing link in Gulf Cooperation Council countries 
260 |a Santa Monica, CA  |b RAND  |c 2013, 2013 
300 |a 50 pages 
505 0 |a Introduction -- A framework for a knowledge-based economy -- The GCC knowledge-economy landscape -- Policy implications and conclusions 
505 0 |a Includes bibliographical references 
653 |a Human capital 
653 |a Knowledge economy 
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520 |a While an Information and Communication Technology (ICT) infrastructure is a crucial ingredient of a knowledge-based economy (KBE), a skilled labor force and a supportive institutional and business environment are equally important in that they facilitate an economy to use knowledge in a way that is appropriate to its level of development to increase productivity. Skills, education, and training are given their own importance in many countries, but these factors are not given as much attention as technology in discussions of the knowledge economy. However, without sufficient human capital and the appropriate policies in place to take advantage of adopted technologies, their potential is unlikely to be realized. This paper adopts a cross-country perspective and uses indicators and sub-indicators developed by various economic organizations to assess the Gulf Cooperation Council (GCC) countries in terms of their development in the various dimensions of a knowledge economy. This assessment finds that, while the GCC countries have performed well in providing a physical ICT infrastructure, they need to focus more on human capital and the business environment to foster the balanced development of their knowledge economies