Authors: Rajesh K. Pillania
Addresses: Institute for Strategy, 205, Plot No. 97, Swaran Jayanti CGHS, Sector 54, Gurgaon, NCR Delhi, India; Ash Institute, Harvard Kennedy School, 79 John F. Kennedy Street, Cambridge, MA 02138, USA; MDI, Sukhrali, Gurgaon, India
Abstract: Knowledge has outperformed traditional resources of land, labour and capital. Knowledge has emerged as the key resource for companies and countries as it is costly to acquire, provides highest returns and leads to sustainable competitive advantage. Countries vary in their knowledge resources and economic performance. This research note is an attempt to identify the group of countries out of 140 countries, for whom data is available, at some level on knowledge economy parameters. Using cluster analysis, the research note identifies three groups of countries and classifies them as knowledge economy leaders consisting of 40 countries; runner-ups consisting of 50 countries; and, laggards consisting of 48 countries. The emerging markets fall mainly in runner-ups and laggards category. These countries need to invest in the knowledge resources to become leading economies of future as widely projected.
Keywords: knowledge economy; leaders; cluster analysis; country clusters; knowledge management; KM; knowledge acquisition; high returns; competitive advantage; sustainable advantage; economic performance; parameters; runner-ups; laggards; Brazil; Russia; China; India; BRIC; business environment; emerging markets.
International Journal of Business Environment, 2010 Vol.3 No.4, pp.471 - 478
Available online: 20 Dec 2010Full-text access for editors Access for subscribers Purchase this article Comment on this article