KNOWLEDGE ECONOMY BKE 2614. Year 2008
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Transcript of KNOWLEDGE ECONOMY BKE 2614. Year 2008
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KNOWLEDGE ECONOMYKNOWLEDGE ECONOMYBKE 2614. Year 2008BKE 2614. Year 2008
PRESENTED BY:TAN WENN YIT1061102248MICHELE CHANG YEN LING 1061102233BURHAN ADLI BIN YUSOFF 1061102507GOH YUE RUI 1061102305WONG NGIE JOONG 1061102103LOW AI LIN 1061102202NIK SAUFI BIN NIK MURAD 1061102534MUHAMMAD ZUHRI BIN HAMDAN 1061102460 CHEE SUET LENG 1041111312YIN SHAO HUAY 1041111306
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INTRODUCTIONINTRODUCTION
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UZBEKISTAUZBEKISTANN
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Formal Name: Republic of Uzbekisten (Ozbekistan Respublikasi)Capital: Tashkent
A dry, landlocked country
of which 11% consists of intensely cultivated, irrigated river valleys.
UZBEKISTAUZBEKISTANN
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INTRODUCTION TO INTRODUCTION TO UZBEKISTAN UZBEKISTAN ECONOMYECONOMY
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Primarily on agriculture Relies mainly on commodity production : cotton, gold, uranium, and natural gas.Cotton: - world 2nd largest exporter - 5th largest producer - major source of export earningsGold: - major producer of gold - largest open-pit gold mine in the world.Ranking : 113th out of 177 countries in HDI (Human Development Index)
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INDICATORSINDICATORS
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Socio-Political Indicators Uzbekistan UK
Birth rate (per 1000 people) 26.45 10.65
Death rate (per 1000 people) 7.62 10.05
Net migration rate (per 1000 people) -1.3 2.17
Infant mortality rate (death per 1000 live births)
67.78 4.93
Life expectancy at birth 65.38 years 78.85
Literacy (age 15 and over can read and write) 99.3% 99%
Unemployment rate 0.8% 5.4%
Population below poverty line 33% 14%
Total population 28,268,440 60,943,912
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Economic Indicators Uzbekistan UK
GDP- real growth rate (total GDP/no of population)
9.5% 3.1%
GDP- per capita $2300 $35100
GDP Composition by sector Agriculture Industry Services
29.4%33.1%37.4%
0.9%23.4%75.7%
Inflation rate (consumer prices) 12.3% officially 2.3%
Info-Structural Indicators Uzbekistan UK
Telephone- main lines in use 1.793 million 33.602 million
Telephone- mobile cellular 5.8 million 69.657 million
Internet users 1.7 million 33.534 million
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FEATURES OF FEATURES OF KNOWLEDGE KNOWLEDGE
ECONOMYECONOMY
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ICTICTDefinition: Includes all technology for
the manipulation and communication of information
A revolutionary vehicle or toolCommunication, information and
knowledge distribution = easier, faster, cheaper
Global village
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Allocation of ResourcesAllocation of Resources
Efficient production relies on information and knowledge components
Greater importance is placed on knowledge sector (higher productivity) than agricultural sector (low productivity)
Higher productivity = Higher returns
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Increasing ReturnIncreasing ReturnKnowledge workers as key
production factorReducing production costs,
increasing productivity and yields higher return
Advancement of ICT eliminates distance costs
Economies of scales (EOS)
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Constant Demand for Constant Demand for Knowledge WorkersKnowledge Workers
Firm’s source of competitive advantageEssential for the growth of the K-
Economy Why?
◦Productivity higher◦Reducing costs, increasing return and profit◦Adds value and wealth creation ◦Producing knowledge goods and services
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Knowledge Production, Knowledge Production, Distribution and ManagementDistribution and Management
Knowledge
Created / produced
DisseminatedManaged
efficiently & effectively
Upgraded
Combined
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Dominant Role of Service Dominant Role of Service SectorSector
Service sector drives K-Economy Examples: Health, education,
business, etc.Combination of advancement of ICT
and knowledge components enlarge its size
New knowledge is generated
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Globalization Globalization
Emergence of a collaborative and competitive global economy
Markets are globalizing rapidlyNo boundariesIdea-driven innovation cycles are
crucialICT makes all markets interconnected
and more competitive
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CHALLENGESCHALLENGES
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GeographyGeographyTopography
◦Land use– 80% desert◦Environmental factors
Inadequate sewage disposal Soil contamination
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Transportation & Transportation & TelecommunicationsTelecommunications
Landlocked◦Hard to reach high seas
Internet◦Prices to access is high
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Government & PoliticsGovernment & Politics
Lack independence judicial and legal system
Abuse of powerFreedom of press refrained
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SocietySocietyEducation & Literacy
◦Lack of budgetary support ◦Private school are forbidden
Health◦Entitlement to free medical attention
affected by bribery◦Insufficient medical supplies◦HIV, drug abuse
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EconomyEconomyLabor Market Risk
◦Insufficient training◦Lowly paid wages◦Not able to meet market demands ◦Limited jobs in private sector
60% rural area◦Agriculture cannot develop
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National SecurityNational SecurityTension with neighboring
countries◦Kyrgyzstan◦Tajikistan
Terrorist activities
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RECOMMENDATIONSRECOMMENDATIONS
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Lean towards a more democratic system- independent judicial and legal system,
more privatizations, lesser government control, etc…
Improve network and telecommunication- Lessen internet and telecommunication control,
increase line of communication, increase technology, etc…
Improve international connection- more communication with outsider,
more treaty, etc…
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Improve education system.- Reformation,
early education system, post-graduate education, etc…
Research & Development.- Research old problems,
develop new solutions, improve service sectors, lands, etc…
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CONCLUSIONCONCLUSIONNeed to improve the country system.Accept international connection.Knowledge must be disseminated
throughout the country.To emerge as a knowledge based
economy.
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THE ENDTHE END
~THANK YOU~~THANK YOU~