Building knowledge-based economies: It’s difficult but not impossible - Arab News

Building knowledge-based economies: It’s difficult but not impossible - Arab News: "Building knowledge-based economies: It’s difficult but not impossible

By MOHAMED A. RAMADY

Published: Dec 20, 2010 23:54 Updated: Dec 21, 2010 00:03

The new buzzword now is aspiring to transform traditional manufacturing and service economies to “knowledge based” ones. The fever has caught on to natural resource endowed economies, which see some aspiring to diversify their single resource economic base. However, simply stating that a country is moving toward a knowledge-based economic foundation and structure is easier said then done, as educational, bureaucratic and social inertia can be insurmountable obstacles. How these are willingly changed and accepted by the population at large is a critical factor for success."