KNOWLEDGE-BASED ECONOMY AND ITS ROLE IN ACTIVATING IRAQI BUSINESS INDICATORS: A THEORETICAL AND ANALYTICAL STUDY

Abstract

Globalization and innovative upsets have changed the contemporary economy into what is known as a "knowledge  economy". In this economy, the business world is administered by another type of associations and business, and this new structure requests the quick advancement of abilities and centered information, just as duty. Subsequently, the objective of the new type of business will be for the contemporary society to turn into an informed society, ready to adjust to the new changes. In the course of recent many years, various researchers and observers have contended that the main edge of the economy in created nations has been driven by advancements dependent on the creation and scattering of knowledge and data. Also, these new advancements - which showed up in the late fifties of the only remaining century, which extended with the spread of PCs, and afterward rose drastically with the broad utilization of email and the Internet - can possibly reshape the idea of business and the economy, as the suggestions stressed the part of colleges in building and building up the knowledge economy by focusing on the learning framework, notwithstanding supporting and empowering imaginative and creative thoughts inside associations.

This paper deals with the concept of knowledge economy, its historical stages, the requirements for establishing a new type of economy today, as well as going through the justifications for the shift towards a knowledge economy, the role of knowledge management in that transformation and some indicators of the Iraqi knowledge economy.