Goa Agenda 2007 - The Knowledge Economy
Various observers describe today’s global economy as one in transition to a ‘Knowledge Economy’, or an ‘Information Society’. But the rules and practices that determined success in the industrial economy of the 20th century need rewriting in an interconnected world where resources such as know-how are more critical than other economic resources.
Various management writers have for several years highlighted the role of knowledge or intellectual capital in business. The value of high-tech companies such as software and biotechnology companies is not in physical assets as measured by accountants, but in their intangibles such as knowledge and patents.
In the last few years, knowledge has gained growing recognition as a crucial factor of growth and effective management.



