Knowledge Transformation and Economic Development: The Role of Digital Technology- An Analysis

Herani, Gobind M. and Rajar, Allah Wasayo and Zaman, Noor and Alam, Adnan (2007): Knowledge Transformation and Economic Development: The Role of Digital Technology- An Analysis. Published in: Indus Journal of Management & Social Sciences No. Vol.1, No.1, (Spring) (2007): pp. 33-45.

Abstract

This paper assesses the role of evolutionary process in knowledge transformation and economic development, especially due to emerging diversified digital technology. Everywhere, in the world, ever-advancing digital technology is performing a revolutionary role in converting the world into a global village. The knowledge, scientific and non-scientific, is being transformed with an enormous speed through digital media. Getting education through technology is providing audio-visual way of enhancing knowledge. But digital technology has its positive and negative affects. It needs some positive steps to ensure the qualitative knowledge transformation. In this article copyrights of accessing computerized data is also discussed, which prevents legal transformation of knowledge for globalisation of the world, research based education, and economic development. There different views of different. Learned authors have presented different views for reflection and deeper understanding. This study, with brief history of knowledge transformation, is worthy of fruitful suggestions.

• Item Type: MPRA Paper
• Institution: Indus Institute Of Higher Education (IIHE), Karachi, Pakistan
• Language: English
• Keywords: Technology; Knowledge; Transformation; Scientific-Data; Research; Fair- Extract; Revolution and Low-Cost economic development
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O33 - Technological Change: Choices and Consequences ; Diffusion Processes; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M12 - Personnel Management ; Executives; Executive Compensation; L - Industrial Organization > L8 - Industry Studies: Services > L86 - Information and Internet Services ; Computer Software

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