Human Capital in Developing Countries: The Significance of the Asian Experience

Oxford University Press
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The Oxford Handbook of Human Capital, 2011, 1, pp. 618 - 646
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The World Bank placed the advance or knowledge at the centre of the world economic development in their influential annual report 'Knowledge for Development' (1998). The emergence of economies based on the production, distribution and use of knowledge and information was charted by the OECD in their report 'The Knowledge-Based Economy' (1996). The determinants of the success of enterprises, and of national economies as a whole, are ever more reliant upon their effectiveness in gathering and utilizing knowledge. The development and sharing of knowledge is so rapid in the new economy that the OECD suggests that innovation has developed from a linear model to a more complex relationship-based model.
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