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Global knowledge economy

Competitive advantage in the knowledge economy

Iftikhar Mostafa's picture

 Chhor Sokunthea / World Bank“Knowledge economy” is a term popularized by Peter Drucker in his book The Age of Discontinuity. Over the past decade, knowledge-based policies, projects and programs have increasingly become drivers of the knowledge economy. Intra and inter-institutional collaboration for sharing knowledge and experience are essential for tapping into the enormous powerhouse of indigenous, national, regional and global knowledge. The timely application of such shared knowledge can help in achieving the Sustainable Development Goals.

At the beginning of this summer, 60 task team leaders and investment officers from the World Bank, the International Finance Corporation, regional development banks – African Development Bank, Asian Development Bank, and Inter-American Development Bank – and Rome-based UN Agencies – Food and Agriculture Organization (FAO), International Fund For Agricultural Development (IFAD) and World Food Program (WFP)– participated in a 3-day Knowledge Forum organized by the Global Agriculture and Food Security Program (GAFSP). The Forum was hosted by the FAO at its Headquarters in Rome. This was the third Knowledge Forum organized by GAFSP, a video was developed on the GAFSP 2017 Knowledge Forum.

The 2017 Knowledge Forum, one of GAFSP’s flagship events, brought together strategic and operational insights drawn from the Program’s Public and Private Sector Window projects. The Forum provided a robust and interactive platform to share tacit knowledge and experiences, including ways to improve efficiency and effectiveness of project delivery and increase impact on rural poor; to implement GAFSP’s new Monitoring and Evaluation Plan including Food Insecurity Experience Scale (FIES); and to implement the newly-designed GAFSP’s Operations Portal. The importance and benefits of partnering with civil society organizations like ActionAid, ROPPA (Réseau des Organisations Paysannes et de Producteurs de l"Afrique de l'Ouest) in Africa, and AFA (Asian Farmers Association) in Asia, in the design and implementation of GAFSP-supported projects were highlighted in the Forum.

Why collaborate? Three frameworks to understand business-NGO partnerships

Kerina Wang's picture

Nowadays, forming strategic alliances across sectors has become the new operating norm. But the blurring of sectoral boundaries among governments, businesses and NGOs makes it increasingly difficult to assess functions traditionally performed by a certain sector, since conventional boundaries have dissolved, and power and influence are distributed in networks. One sub-set of such collaborations – business-NGO interactions – has attracted much attention, as NGOs begin to move away from their informal, social roles and venture into economic and political territories.

Business-NGO collaborations may come in many forms: NGOs could partner with firms to function as “civil regulators”, primarily by addressing market and government failures through the development of soft laws, social standards, certification schemes, and operating norms; leverage social capital to transfer localized institutional knowledge to firms; mobilize collective action between governments and firms; and serve as information brokers to connect otherwise disparate groups.

How do we assess business-NGO dynamics? Why are they are established? And in what forms are they governed? I source a few inspirations from business, political science, and public administration theories and offer three theoretical lenses through which we can examine business-NGO partnerships.

Weekly wire: The global forum

Roxanne Bauer's picture
World of NewsThese are some of the views and reports relevant to our readers that caught our attention this week.
 

Do international NGOs still have the right to exist?
The Guardian
It’s highly unlikely that corporate bosses regularly ask themselves if their businesses have a right to exist. Their goal is to sell stuff and make a profit. But if your goal is to alleviate poverty and human suffering – in the face of statistics showing mixed outcomes – is this, in fact, the most important question an International NGO can ask of themselves? At the BOND conference last week, in a session entitled How can INGOs survive the future, Penny Lawrence, the deputy CEO of Oxfam stated bluntly: “we need to earn the right to survive the future.” It is like the sector’s very own Damascene moment.

Changing views of how to change the world
Brookings, Future Development blog
World leaders concluded three large agreements last year. Each represents a vision of how to change the world. The Addis Ababa Action Agenda on financing for development agreed to move from “billions to trillions” of cross-border flows to developing countries. The agreement on universal sustainable development goals (SDGs) sets out priorities (albeit a long list) for what needs to change. The Paris Agreement on climate change endorses a shift to low-carbon (and ultimately zero carbon) economic growth trajectories. There is a common thread to these agreements. They each reflect a new theory of how to change the world that is not made explicit but has evolved as a matter of practice. Understanding this new theory is crucial to successful implementation strategies of the three agreements.
 

A knowledge economy needs preprimary soft skills development

Ali Mehdi's picture
Indian policymakers are concerned with the employability of their working-age populations. Technical and vocational education and training (TVET) might enhance the employability prospects of the present and near-term labor force. However, if we wish to become a knowledge economy, with highly skilled and dynamic rather than an abundant, cheap labor force, we should revamp our inefficient and inequitable early health and education systems.
 
 

Rethinking research: Systemic approaches to the ethics and politics of knowledge production in fragile states

Humanity Journal's picture

Classroom in MaliRecently, Humanity, a peer-reviewed academic journal from the University of Pennsylvania, has been hosting an online symposium on the changing nature of knowledge production in fragile states. In light of the intensification of evidence-based policymaking and the “data revolution” in development, the symposium asked what the ethical and political implications are for qualitative research as a tool of governance.

We are presenting their articles in the coming days to share the authors' thoughts with the People, Spaces, Deliberation community and generate further discussion.

The symposium will begin tomorrow with a short paper from Deval Desai and Rebecca Tapscott, followed by responses during the coming weeks from Lisa Denney and Pilar Domingo (ODI); Michael Woolcock (World Bank); Morten Jerven (Norwegian University of Life Sciences and Simon Fraser University); Alex de Waal (World Peace Foundation); and Holly Porter (LSE). We hope that you enjoy the symposium and participate in the debate!

If Sri Lanka is to join the knowledge economy, it needs to improve its education, training and skills

Nisha Arunatilake's picture
With innovation taking a central role in driving markets, countries are increasingly looking to invest in innovation and technological change to be competitive and improve productivity. Innovation is driven by talent and creativity. But the demand for highly skilled workers, especially workers in the science and technology fields are increasing globally.

A ‘Skilled’ Approach to Development

Ariel Fiszbein's picture

These days, there is a lot of talk about skills and their importance for a country’s development. Not too long ago the Indian Prime Minister Manmohan Singh called skills and knowledge “the driving forces of economic growth and social development in any country.” Last week, President Obama in his State of the Union address mentioned, once again, the critical importance of upgrading workers skills as part of his call for ‘An America Built to Last’.

Indian Minister Unveils $35 Tablet at the World Bank

Last month the World Bank hosted Mr.Kapil Sibal, India’s Minister of Human Resources and Development. Sibal spoke to a packed audience about India’s contributions to the global knowledge economy and discussed some of his widely publicized education reforms and plans for the Indian education system. The highlight of the event was Sibal’s display of the $35 tablet PC which he hoped to launch soon as a technology aide to help bridge quality gaps in secondary education. The event was chaired by Tamar Manuelyan Atinc, Vice President of the Human Development Network, and moderated by Mr. Michal Rutkowski, Sector Director for Human Development in the South Asia Region.

Read the full blog post on the World Bank's "End Poverty in South Asia" blog.