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Knowledge Society
The transformation of societal structures by knowledge as core resource for economic growth and as a factor of production constitutes the basis and justification for designating advanced modern society as a "knowledge society". In a knowledge society the older measures of competitiveness such as labour costs, resource endowments and infrastructure get superceded by the human capital.
The transformation of global economies to knowledge economies however does not guarantee economic growth with "equity" within and between nations. This is because the formation of knowledge society is under no single control as information available in the public domain is free to flow anywhere and all people have equal right to it. The value therefore accrued to individual users through the availability of information is different and this has the potential to further widen the economic and knowledge gap as people are often not conscious of the global value of what they know or the potential value of absorbing the available information.
Creation of Knowledge Society with "Equity" : where does the answer lie?
The answer may lie in working towards a perfect knowledge society where all forms of knowledge get recognised and valued, and also end up benefiting the society from where it orginates. It is a kind of dynamic process where it is not only the people who access information and knowledge, but also the same finds its way to the probable users.
The other factors which distinguish a knowledge society from a perfect knowledge society is that in the latter, all people have :
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