While definitions vary, knowledge economies are essentially about turning knowledge and innovation into value. Knowledge economies are driven by the development, management, and spread of technologies that yield greater productivity and inclusive growth across economic sectors.

This new order brings many opportunities for spurring entrepreneurial activity, economic growth, and job creation across the world, and for using technology and new digital platforms to deploy innovative solutions to pressing societal problems that markets or governments lack the incentives or capacity to address.

Shifting toward the knowledge economy