Knowledge Economy

  • Mitt Nowshade Kabir
Part of the Palgrave Studies in Democracy, Innovation, and Entrepreneurship for Growth book series (DIG)


This chapter covers the understanding of knowledge economy, its fundamental characteristics, and its one of the vital constituting elements: globalization. It clarifies the importance of service sectors in the post-industrial society. It also briefly explains the importance of new knowledge in the present economy and technology, particularly, ICT and its impact on productivity and social change. Globalization has a significant influence on the formation of the knowledge economy. We reviewed here what it means for humanity, how it is shaping the new economy, and what factors are causing this phenomenon.


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© The Author(s) 2019

Authors and Affiliations

  • Mitt Nowshade Kabir
    • 1
  1. 1.North YorkCanada

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