Cities knowledge -added of value

Cities knowledge -added of value

In the last two decades of the last century, there have been significant changes in the structure of global economies. These changes are mainly related to the way the economy makes value added, as is the case with the so-called knowledge-based economy. This economy works in parallel with the traditional economy and often overlaps directly with it.

This knowledge economy allows for continuous innovation in products and service delivery. This economy has produced new institutional structures that promote the sharing of human capital. In general, the most important feature of our knowledge economy today is the acceleration and intensification of the production, use and dissemination of new knowledge and technologies.

"The new economy is characterized by accelerated trends that have driven us to transform production and management patterns," wrote Alain Lapuant of the School of Economics at the University of Montreal. Lapuant argues that this knowledge economy is part of historical development. In this context, several cities around the world have launched controversial initiatives, joint efforts and specific strategies aimed at improving their competitive positions at the national, continental and global levels from a knowledge perspective.

According to Richard Florida, the standards of economic competition between cities that have embraced this new economy depend on their ability to attract creators and talented people, as well as to keep them and melt them into their crucibles, as a result, knowledge cities compete in three domains areas:

1- The quality of local culture.

2- The size and density of the labor market.

3- The presence of local facilities and attractions is of high value to knowledge workers.

Investment in advanced technology and traditional infrastructure as well as strategic investment in culture within its general framework is therefore the most important feature of the initial trend in which cities must move forward in the era of knowledge. Each city differs in this regard in terms of investments and methods of implementation.

There have been intense discussions in the last 20 years about the importance of knowledge management in the business world.

Today, knowledge is one of the most important pillars of any economic project, which must be managed effectively and efficiently to gain a competitive advantage in the knowledge economy era. Knowledge management has turned into a strategic management method, finding its way in several applications other than the business world such as education, government and health care.

This proposal has been adopted by most major international bodies such as the European Commission, the World Bank, the United Nations and the Organization for Economic Cooperation and Development, as a governing framework for strategic trends on international development, which is a clear indication of an emerging relationship between knowledge management and knowledge-based development.

This new relationship has created the right environment for the emergence of the concept of the City of Knowledge, which these days are of great importance and a rich article of discussion. Indeed, a number of cities worldwide have declared they cities of knowledge, while others have begun to develop strategic and operational plans to become knowledge cities in the near future.

As in the beginnings of the concept of knowledge management, there is no clear framework or unified design and implementation methodology through which existing cities can be transformed into successful knowledge cities, where the real success of these cities is still under study in the research community.

Therefore, determining the characteristics that must be available in successful knowledge cities on the ground has become inevitable.