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Comparative advantage in the knowledge economy
Globalization and information and communications technology (ICT) have played a pivotal role in revolutionizing value creation through the development of human capital formation. The constantly changing needs and structure of the labour market are primarily responsible for the conversion of a traditional economy relying fundamentally on the application of physical abilities to a knowledge-based economy relying on ideas, technologies and innovations. In this economy, knowledge has to be created, acquired, developed, transmitted, preserved and utilized for the improvement of individual and social welfare. Comparative Advantage in the Knowledge Economy: A National and Organizational Resource provides a comprehensive and insightful understanding of all the dimensions of a transition from a traditional to a knowledge economy. It attempts to explain how educational achievement, skilled manpower, investment in knowledge capital and analytics will be the key to success of a nation's comparative advantage in the globalized era. The volume should be of interest to students, researchers and teachers of economics, policy makers and advanced graduate students with an interest in economic analyses and development policy.
Introduction / Rajib Bhattacharyya -- chapter 1. Knowledge-based economy : enhancing economic growth and development of human capital through information and communications technology education / Napoleon Kurantin and Bertha Z. Osei-Hwedie -- chapter 2. Sub-Saharan African (SSA) growth trajectory : how far has knowledge contributed? / Ezebuilo R. Ukwueze, Oliver E. Ogbonna, Ozoemena S. Nwodo, Chinasa E. Urama, Tochukwu G. Onyechi, and Augustine J. Mba -- chapter 3. Central bank independence & economic efficiency : historical analysis based on knowledge economy / Partha Gangopadhya and James Glenn -- chapter 4. Reshaping Indian higher education post COVID-19 : a case for blended learning and widespread adoption of learning management systems / Sudipta Roy -- chapter 5. Disruptive technology and development dynamics : case of knowledge economy with reference to India / Mainak Bhattacharjee and Sanghita Ghosh -- chapter 6. A theoretical approach of understanding the impact of arbitrage process by implementing knowledge economy by a country / Abhijit Dutta and Madhabendra Sinha -- chapter 7. Existence of speculative bubbles in the Indian stock market : knowledge gained during the US sub-prime crisis / Sovik Mukherjee and Asim K. Karmakar -- chapter 8. E-knowledge of Indian rural consumers : a field survey result based on durable goods / Debabrata Mukhopadhyay and Arun Kumar Mandal -- chapter 9. Impact of information and communication technology on human development : a cross-country analysis / Abhijit Bhattacharya -- chapter 10. Role of FDI in developing the base of knowledge : an analysis of the BRICS nations / Nilendu Chatterjee and Dipak Kundu -- chapter 11. ICT as enabler of knowledge-based economy : an empirical investigation in India based on NSSO unit-level data / AdwaitaMaiti, Sebak Kumar Jana, and Asim K. Karmakar -- chapter 12. Trade openness and skill formation : some theoretical issues in relation to less developed economy / Mainak Bhattacharjee, Dipti Ghosh, and Debashis Mazumdar -- chapter 13. FDI and transition to knowledge economy with special reference to India / Debjani Mitra -- chapter 14. Innovation in utility craftsmanship : analysis based on human capital / José G. Vargas-Hernández and Lic. Jonathan Daniel Chávez Ascencio -- chapter 15. Agricultural knowledge system in ensuring food security in India / Rajat Jyoti Sarkar and Moumita Karmakar -- chapter 16. Managing & leveraging knowledge assets of the firm : the call of the day / Sandip Kumar Pandit -- chapter 17. Measuring student satisfaction of master level students : evidence from university of North Bengal / Kanchan Datta and Jannatul Firdous -- chapter 18. The role of trade liberalization and knowledge exchange programs in India and South Korea relations : in search of soft power connectivity / Debasish Nandy -- chapter 19. Impact of knowledge flows and FDI on intra-industry trade in Asian Region / Suvayan Neogi and Pragati Sharma -- chapter 20. A study on the digital economy and recent trends of digitalization in India with respect to the Nordic Region / Subhankar Parbat, Trupti Upadhyay and Adwitiraj Banerjee -- chapter 21. Investment on higher education : a source of knowledge creation and income generation / Sujata Mukherjee and Rajat Jyoti Sarkar -- chapter 22. Application of information and communication technology and its relation with urbanization in India / Mahananda Kanjilal.
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Comparative advantage (International trade)