gmeltdown

Tweet  triggered In the afternoon of 23rd October 2010 I posted this micro-post (tweet): “ Thinking telcos' price competition for voice market is contributing silently to Kenya's knowledge economy ” As usual I got a couple of reactions. The reactions set off my intentions to say more and justify my thoughts - as it were, in this article, outside twitter’s confinement of 140 characters. A knowledge based economy can be viewed from Peter Drucker’s work in the 90s as “ an economy based on intangible goods and intellectual capital as the economic driver ”. To also quote Vern McCorkle the late publisher of Alaska Business Monthly magazine, “ In our traditional capitalist economy, a knowledge-based economy stands in sharp contrast to long-established economic theory because it relies upon innovation and intellectual capital rather than hard goods to generate economic value. ” Perhaps in the tweet I should have used the phrase knowledge-based economy as opposed to knowledge ec...