KBE frameworks and their applicability to a resource-based country: The case of Brunei Darussalam

Article


Afzal, Munshi Naser Ibne and Lawrey, Roger. 2012. "KBE frameworks and their applicability to a resource-based country: The case of Brunei Darussalam." Asian Social Science. 8 (7), pp. 208-218. https://doi.org/10.5539/ass.v8n7p208
Article Title

KBE frameworks and their applicability to a resource-based country: The case of Brunei Darussalam

ERA Journal ID40949
Article CategoryArticle
AuthorsAfzal, Munshi Naser Ibne (Author) and Lawrey, Roger (Author)
Journal TitleAsian Social Science
Journal Citation8 (7), pp. 208-218
Number of Pages11
Year2012
Place of PublicationToronto, ON. Canada
ISSN1911-2017
1911-2025
Digital Object Identifier (DOI)https://doi.org/10.5539/ass.v8n7p208
Web Address (URL)http://www.ccsenet.org/journal/index.php/ass/article/view/17624/11806
Abstract

Knowledge is generally considered to be one of the most important drivers of economic growth. The difference between a knowledge-based economy (KBE) and a resource-based one is that in the former, the main competition between individuals, firms, and countries is the ability to innovate. Other forms of competition, for example
through pricing strategies and access to resources, become secondary. Generally, knowledge is information combined with technology that dramatically increases its impact when shared. Organizations such as the Organization for Economic Cooperation and Development (OECD), Asia Pacific Economic Cooperation Forum (APEC), Australian Bureau of Statistics (ABS) and the World Bank Institute (WBI) have developed different KBE frameworks to indicate the extent of countries' knowledge base and implicitly to guide policy. But these frameworks have little in theoretical underpinnings and applying them universally across all countries in different regions, at different stages of development and with different institutional, social and economic characteristics may be misleading and result in inappropriate policy responses. In this paper we propose a framework that clearly distinguishes input-output indicators of a knowledge-based economy under four important dimensions: knowledge acquisition, knowledge production, knowledge distribution and knowledge utilization, and attempt to adapt them in a practical policy oriented approach for an economy like Brunei Darussalam, which is attempting to transform from a resource-based to a knowledge-based economy.

KeywordsKBE frameworks; policy focus framework; input-output indicators; knowledge dimensions; Brunei
ANZSRC Field of Research 2020350302. Business information management (incl. records, knowledge and intelligence)
440499. Development studies not elsewhere classified
440703. Economic development policy
Public Notes

Creative Commons License: This work is licensed under a Creative Commons Attribution 3.0 License (http://creativecommons.org/licenses/by/3.0/).

Byline AffiliationsUniversity of Brunei Darussalam, Brunei
Institution of OriginUniversity of Southern Queensland
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