Publication: The race towards a knowledge based economy: a comparative study between Malaysia and Thailand
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Issued Date
2010
Resource Type
Language
eng
Rights
Mahidol University
Rights Holder(s)
The Canadian Center of Science and Education
Bibliographic Citation
International Journal of Business and Management . Vol. 5, No. 1 (2010), 114-122
Suggested Citation
Veera Bhatiasevi The race towards a knowledge based economy: a comparative study between Malaysia and Thailand. International Journal of Business and Management . Vol. 5, No. 1 (2010), 114-122. Retrieved from: https://repository.li.mahidol.ac.th/handle/123456789/10482
Research Projects
Organizational Units
Authors
Journal Issue
Thesis
Title
The race towards a knowledge based economy: a comparative study between Malaysia and Thailand
Author(s)
Other Contributor(s)
Abstract
This paper has attempted to study the development and growth of a knowledge
based economy in two developing countries, namely Malaysia and Thailand. A summary of different economic theories states that the best theoretical grounding for a knowledge based economy is the endogenous growth theory.
The conceptual framework established for statistically measuring the success of knowledge-based economy (KBE) comprise of the following variables: 1). Innovation, 2). Information and communication technology, 3). Development and 4). Business Environment. Recommended additions to the framework were
proposed in this paper based on integrating the following variables: 1). Government incentives, 2). Better human capital, and 3). Institutional factors. The last section of the paper proposes policy recommendations and conclusions.