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August 2017

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.