scholarly journals The importance of knowledge for wellbeing of society in the contemporary world

2017 ◽  
Vol 28 (4) ◽  
pp. 1136-1159
Author(s):  
Dusan Markovic ◽  
Mrdjan Mladjan
Keyword(s):  
Developed Countries ◽  
Contemporary World ◽  
Types Of Knowledge ◽  
National Competitiveness ◽  
Long Run ◽  
New Knowledge ◽  
Physical Resources ◽  
Potential Problems ◽  
Different Types ◽  
The Relationship

Following the recent wave of globalization, the possession of different types of knowledge became even more important for economic development than the possession of physical resources. The ability of a society to adopt existing and create new knowledge thus gained fundamental importance for its wellbeing. In this paper, we identify important aspects of the relationship between education, creation of knowledge, economic growth, as well as both material and immate?rial wellbeing of a society. We describe potential problems that prevent societies from maximizing the benefit from the effort its members invest in acquiring knowledge. The problems of failure of the national markets for education as well as the global migrations which lead to drain of knowledge towards economically highly developed countries are especially analyzed. In the long run, they lead to a decline in both national competitiveness and different aspects of the immate?rial wellbeing. As the basis for solving these problems we propose a combination of economic theory and the concept of solidarity between more and less devel?oped countries, individuals and societies of their origin, respecting the free will of individuals.

The knowledge interconnection process: evidence from contract manufacturing relationships

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tibor Mandják ◽  
Zsuzsanna Szalkai ◽  
Erika Hlédik ◽  
Edit Neumann-Bódi ◽  
Mária Magyar ◽  
...  
Keyword(s):  
Empirical Research ◽  
Knowledge Creation ◽  
Business Relationships ◽  
Business Relationship ◽  
Contract Manufacturing ◽  
Content Type ◽  
Types Of Knowledge ◽  
Body Of Knowledge ◽  
New Knowledge ◽  
Different Types

Purpose The main goal of the paper is to describe the knowledge interconnection process embedded in an interactive business relationship. The purpose of this study is to understand the knowledge interconnection inside the supplier-buyer relationship in the field of contract manufacturing. The knowledge interconnection process is defined by the authors as a process linked to business relationships, which contains different types of knowledge and various sub-processes related to them. Design/methodology/approach The Industrial Marketing and Purchasing Group (IMP) research framework has been applied and the contribution is a better understanding of the role of knowledge in the interactive business world. The empirical evidence is based on a case study of a Hungarian contract manufacturing company. This paper describes empirical, qualitative research about knowledge interconnection processes applying an abductive research design. Findings The knowledge interconnection process is linked to business relationships. It is a complex process, which contains three types of knowledge and five sub-processes. The knowledge evolution indicates the links between the different types of knowledge. The sub-processes relate to different types of knowledge and allow the flow of knowledge between the supplier and the buyer. In the business relationship, this flow of knowledge makes possible the new knowledge creation. A model of the knowledge interconnection process has been developed. Research limitations/implications Single case studies can create rich descriptions of complex phenomena, but the possibility for generalization is limited. Another limitation is that the knowledge interconnection process has been studied only from the supplier’s perspective. The present research extends IMP’s knowledge of embedded knowledge. In addition, empirical research contributes to the emerging field of IMP research that explores knowledge as a resource but lacks an empirical foundation. Practical implications The knowledge interconnection process is a decisive factor in the development and maintenance of long-term customer relations in the field of contract manufacturing. The evolution of knowledge types – from the body of knowledge to knowledge in use – demands the management of different sub-processes. Knowledge selection, knowledge recombination, knowledge mobilization and new knowledge creation processes are more strongly related to the supplier-customer dyad, while the knowledge relocation process has a network character. The knowledge interconnection process influences the company’s body of knowledge and its relationship management capability. Originality/value The originality of the study is, on the one hand, an empirical examination of the process of knowledge interconnection. On the other hand, the development of a model of the knowledge interconnection process. A further feature is that empirical research has been conducted in the field of contract manufacturing.

Managing the Information Technology

2009 ◽  
pp. 192-210 ◽  
Author(s):  
Huei-Chen Hsu
Keyword(s):  
Information Technology ◽  
Virtual Teams ◽  
Virtual Work ◽  
Viable Alternative ◽  
Knowledge Development ◽  
Face To Face ◽  
Types Of Knowledge ◽  
Different Types ◽  
The Individual ◽  
The Relationship

The main points of this chapter are probing for the combination of information technology and virtual work, and how to change the distribution of different types of knowledge across individuals, teams, and even the organization. The discussion in the chapter will assess the dynamics between the individual, the organization, and information technology in the context of teams that vary in their virtualness. Information technology can make convenient spread of knowledge across the organization; even the point of making virtual teams a viable alternative to face-to-face work. However, unless managed, information technology may destabilize the relationship between organizations and their employees when it comes to the transform of knowledge. Therefore, this chapter advances theory and informs practice by illustrating the dynamics of knowledge development and transfer in more and less virtual teams.

Managing the Information Technology

2010 ◽  
pp. 1643-1662
Author(s):  
Huei-Chen Hsu
Keyword(s):  
Information Technology ◽  
Virtual Teams ◽  
Virtual Work ◽  
Viable Alternative ◽  
Knowledge Development ◽  
Face To Face ◽  
Types Of Knowledge ◽  
Different Types ◽  
The Individual ◽  
The Relationship

The main points of this chapter are probing for the combination of information technology and virtual work, and how to change the distribution of different types of knowledge across individuals, teams, and even the organization. The discussion in the chapter will assess the dynamics between the individual, the organization, and information technology in the context of teams that vary in their virtualness. Information technology can make convenient spread of knowledge across the organization; even the point of making virtual teams a viable alternative to face-to-face work. However, unless managed, information technology may destabilize the relationship between organizations and their employees when it comes to the transform of knowledge. Therefore, this chapter advances theory and informs practice by illustrating the dynamics of knowledge development and transfer in more and less virtual teams.

scholarly journals The relationship between stock markets of major developed countries and Asian emerging markets

2004 ◽  
Vol 8 (4) ◽  
pp. 201-218 ◽  
Author(s):  
Wing-Keung Wong ◽  
Jack Penm ◽  
Richard Deane Terrell ◽  
Karen Yann Ching Lim
Keyword(s):  
Emerging Markets ◽  
Stock Markets ◽  
International Diversification ◽  
Developed Countries ◽  
Stock Market Crash ◽  
Emerging Stock Markets ◽  
Long Run ◽  
Equilibrium Relationship ◽  
Asian Emerging Markets ◽  
The Relationship

With the emergence of new capital markets and liberalization of stock markets in recent years, there has been an increase in investors' interest in international diversification. This is so because international diversification allows investors to have a larger basket of foreign securities to choose from as part of their portfolio assets, so as to enhance the reward-to-volatility ratio. This benefit would be limited if national equity markets tend to move together in the long run. This paper thus studies the issue of co-movement between stock markets in major developed countries and those in Asian emerging markets using the concept of cointegration. We find that there is co-movement between some of the developed and emerging markets, but some emerging markets do differ from the developed markets with which they share a long-run equilibrium relationship. Furthermore, it has been observed that there has been increasing interdependence between most of the developed and emerging markets since the 1987 Stock Market Crash. This interdependence intensified after the 1997 Asian Financial Crisis. With this phenomenon of increasing co-movement between developed and emerging stock markets, the benefits of international diversification become limited.

The Differential Effects of Knowledge on Perceptions of Genetically Modified Food Safety

2019 ◽  
Vol 32 (1) ◽  
pp. 111-131 ◽  
Author(s):  
Ariel Hasell ◽  
Natalie Jomini Stroud
Keyword(s):  
Food Safety ◽  
Genetically Modified ◽  
Genetically Modified Food ◽  
The Public ◽  
Knowledge And Attitudes ◽  
Types Of Knowledge ◽  
Gm Foods ◽  
The Us ◽  
Different Types ◽  
The Relationship

Abstract Despite scientific consensus in the US that genetically modified (GM) foods are generally as safe as conventionally grown foods, the public remains skeptical about their safety. Extant research shows mixed results about the relationship between knowledge and attitudes when it comes to public opinion of GM foods in the US. This study uses data from the Pew American Trends Panel to examine the relationship between knowledge about GM foods and beliefs about their safety, in addition to what may be moderating these relationships. Results show that the relationship between knowledge and belief varies across different types of knowledge and that the effect of knowledge is moderated by perceptions of the immorality of genetic modification, rather than political or religious views.

Primary Rules, Political Power, and Social Change

1976 ◽  
Vol 70 (1) ◽  
pp. 25-40 ◽  
Author(s):  
James I. Lengle ◽  
Byron Shafer
Keyword(s):  
Social Change ◽  
Democratic Party ◽  
Political Power ◽  
Allocation Rules ◽  
Long Run ◽  
Different Types ◽  
Short Run ◽  
Winner Take All ◽  
The Relationship ◽  
Take All

This paper examines the relationship between the kinds of delegate allocation rules used in Democratic presidential primaries (Winner-Take-All, Districted, and Proportional) and the power of various states within the national Democratic party. It demonstrates that these rules are often, in the short run, more important than a state's voters in determining the fate of particular candidates. It shows, in the middle run, that different types of states are clearly favored by different sets of primary regulations. It closes with some speculation about the long-run impact of these tendencies.

International Historical Evidence on Money Growth and Inflation: The Role of High Inflation Episodes

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Michele Fratianni ◽  
Marco Gallegati ◽  
Federico Giri
Keyword(s):  
Developed Countries ◽  
Regression Coefficients ◽  
Annual Data ◽  
Money Growth ◽  
Quantity Theory ◽  
Time Frequency ◽  
Long Run ◽  
Unit Slope ◽  
High Inflation ◽  
The Relationship

Abstract How long is the long run in the relationship between money growth and inflation? How important are high inflation episodes for the unit slope finding in the quantity theory of money? To answer these questions, we study the relationship between excess money growth and inflation over time and across frequencies using annual data from 1870 to 2013 for 16 developed countries. Wavelet-based exploratory analysis shows the existence of a close stable relationship between excess money growth and inflation only over long time horizons, i.e. periods greater than 16–24 years, with money growth mostly leading. When we investigate the sensitivity of the unit slope finding to inflation episodes using a “time-frequency-based” panel data approach, we find that low-frequency regression coefficients estimated over variable-length subsamples are largely affected by high inflation episodes occurring in the 1910s, the 1940s, and the 1970s. Taken together, our results suggest that inflationary upsurges affect regression coefficients, but not the closeness of the long-run relationship. This reconciles the validity of the quantity theory of money with the current disinterest of monetary policymaking in money growth.

scholarly journals The credit consumption pattern in South Africa: A trend analysis

2015 ◽  
Vol 5 (3) ◽  
pp. 194-204
Author(s):  
Ashley Teedzwi Mutezo
Keyword(s):  
South Africa ◽  
Interest Rates ◽  
Developed Countries ◽  
Disposable Income ◽  
Consumption Pattern ◽  
Household Debt ◽  
Long Run ◽  
Short Run ◽  
The Developed Countries ◽  
The Relationship

While the developed countries witnessed a significant contraction in credit consumption in response to the financial crisis in 2008, South Africa’s household debt continues to be on the increase. This article is based on empirical research on the relationship between household debt and disposable income, net wealth, interest rates and inflation for the period between 1975 and 2013. Using regression analyses, the study examines the linkage between household debt and consumption spending in South Africa to capture the short-run and long-run dynamics. The results show that there is a significant relationship between household debt and disposable income, net wealth and inflation. Further tests indicate that there is a bidirectional causality running from economic growth to household debt and vice versa. However, it is revealed that there is no direct relationship between household debt and lending rates

scholarly journals Young Adults Failure to Thrive Syndrome

2013 ◽  
Vol 48 ◽  
pp. 169-187 ◽  
Author(s):  
Warren C. Sanderson ◽  
Vegard Skirbekk ◽  
Marcin Stonawski
Keyword(s):  
Young Adults ◽  
Career Paths ◽  
Failure To Thrive ◽  
Developed Countries ◽  
Economic Conditions ◽  
Policy Makers ◽  
Economic Basis ◽  
Long Run ◽  
Working Age ◽  
The Relationship

Many young working age adults in developed countries are failing to thrive in economic, demographic and social terms. Their failure to thrive is a relatively new phenomenon that has not been widely recognized, but it affects young adults in virtually all the more developed countries for which we have relevant data. Young adults nowadays are more often in poverty. They are leaving their parental homes at ever later ages and in some countries the frequency of psychological problems increased. The seriousness of failure to thrive syndrome is reflected in the relationship between relative economic conditions and increased suicide rates. The syndrome is important because young adults are at the prime ages for finding employment, establishing long-run career paths and building an economic basis for founding a family. Developing strategies to arrest the spread of failure to thrive syndrome among young adults, in order to keep them vibrant contributors to our societies, should be a priority for policy makers.

scholarly journals Foreign aid and economic growth in South Africa: An empirical analysis using bounds testing

2013 ◽  
Vol 6 (1) ◽  
pp. 55-66
Author(s):  
Temitope Leshoro
Keyword(s):  
South Africa ◽  
Foreign Aid ◽  
Labour Force ◽  
Poverty Line ◽  
Developed Countries ◽  
Small Samples ◽  
Bounds Testing ◽  
Distributed Lag ◽  
Long Run ◽  
The Relationship

South Africa is classified as one of the wealthiest countries in Africa, yet half of its population lives below the poverty line and over a quarter of its labour force is unemployed. Foreign aid was one of the major sources of capital for the country. It poured in from many developed countries and it was very successful in promoting a stable society, especially during the first few years after apartheid ended in 1994. Thus, South Africa is a good case study for determining the relationship between and the effect of foreign aid on growth. The data on aid flow as a percentage of gross domestic product (GDP) in South Africa was only available from 1980, thus limiting the data from 1980 to 2009. Given the limitations in the data, a co-integration analysis of the autoregressive distributed lag (ARDL) was adopted, using the method of the conditional unrestricted error correction model (UECM), which accommodates small samples. The result shows that the relationship between aid and growth is negative both in the short and the long run.

Sign in / Sign up

Export Citation Format

Share Document