The Knowledge Economy & the Knowledge Assessment Methodology (The case study of Iran & Some other Countries)

This paper introduces a simple knowledge economy benchmarking tool, the Knowledge Assessment Methodology (KAM), which was designed by the World Bank Institute, to help countries identify problems and opportunities that they may face, and where it may need to focus policy attention or future investments, with respect to making the transition to the knowledge economy. The Knowledge Assessment Methodology based on the four pillars: education, innovation, information and communication technologies, and a conducive economic and institutional environment, which asserts that sustained investments on these pillars, will lead to sustained economic growth. Iran, on realization of the relative global position in terms of the knowledge economy, needs to develop coherent policies that place knowledge at the core of its development strategies, especially about the economic incentive regime and investment on education and innovation.