The word “knowledge” implies learning while the word “economy” sets the understanding that commerce is involved. The World Bank recognizes client countries according to the Knowledge Assessment Methodology (KAM). The KAM establishes four (4) core requirements that a country must have to participate in the Knowledge Economy trade.
- A sound economic & institutional regime
- Information Infrastructure
- An innovative system
The original document is available at http://www.mcqube.com/viki/tiki-index.php?page=Knowledge+Economy