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


Ahmed, Elsadig Musa (2018) Are bio-economy dimensions new stream of the knowledge economy? World Journal of Science, Technology and Sustainable Development, 15 (2). pp. 142-155. ISSN 2042-5945

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Purpose – The 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/approach – Bio-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. Findings – The main concern of developing bio-economy is the environmental damage caused through the undesirable output produced by the bio-economy activities. Bioeconomy 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/value – For 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.

Item Type: Article
Uncontrolled Keywords: Knowledge economy, knowlegde-based-economy, environment,R&D, Regulartory Framework, Bio- Economy
Subjects: H Social Sciences > HC Economic History and Conditions > HC79 Special Topics. Including air pollution, automation, consumer demand, famines, flow of funds, etc.
Divisions: Faculty of Business (FOB)
Depositing User: Ms Rosnani Abd Wahab
Date Deposited: 10 Nov 2020 14:20
Last Modified: 10 Nov 2020 14:20


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