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Are bio-economy dimensions new stream of the knowledge economy?

Are bio-economy dimensions new stream of the knowledge economy? PurposeThe purpose of this paper is to explain bio-economy dimensions as a new stream of knowledge-based economy that exists in the new era of the information and communications technology.Design/methodology/approachBio-economy refers to the production of a wide range of goods and services from plant, animal and forest-based material. It is more than just grain-based bio-fuels or bio-diesel as extensively highlighted in Latin America. It is related to biotechnology and other bio-activities based on knowledge generated from the bio-activities and extension of the knowledge-based economy.FindingsThe main concern of developing bio-economy is the environmental damage caused through the undesirable output produced by the bio-economy activities. Bio-economy is centred on research and development (R&D) collaborations across different sectors, including the public and private sectors, in order to breakthrough new products through invention and innovation.Originality/valueFor bio-economy to be realised and put into practice, it should have a well-developed regulatory framework as a platform in order to run and work smoothly. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png World Journal of Science, Technology and Sustainable Development Emerald Publishing

Are bio-economy dimensions new stream of the knowledge economy?

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
2042-5945
DOI
10.1108/WJSTSD-06-2017-0014
Publisher site
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Abstract

PurposeThe purpose of this paper is to explain bio-economy dimensions as a new stream of knowledge-based economy that exists in the new era of the information and communications technology.Design/methodology/approachBio-economy refers to the production of a wide range of goods and services from plant, animal and forest-based material. It is more than just grain-based bio-fuels or bio-diesel as extensively highlighted in Latin America. It is related to biotechnology and other bio-activities based on knowledge generated from the bio-activities and extension of the knowledge-based economy.FindingsThe main concern of developing bio-economy is the environmental damage caused through the undesirable output produced by the bio-economy activities. Bio-economy is centred on research and development (R&D) collaborations across different sectors, including the public and private sectors, in order to breakthrough new products through invention and innovation.Originality/valueFor bio-economy to be realised and put into practice, it should have a well-developed regulatory framework as a platform in order to run and work smoothly.

Journal

World Journal of Science, Technology and Sustainable Development – Emerald Publishing

Published: Apr 3, 2018

References

  • Carbon dioxide emissions, impact on Malaysia’s manufacturing productivity growth
  • ICT and human capital role in achieving knowledge-based economy: applications on Malaysia’s manufacturing
  • ICT and human capital spillover effects in achieving sustainable East Asian knowledge-based economies
  • The bio-economy and the competition state: transcending the dichotomy between coordinated and liberal market economies