IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 9 NO. 9 2023
DOI: https://doi.org/10.56201/ijssmr.v9.no9.2023.pg58.72

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New economy and Knowledge Management in Emerging Markets

Okey Okoro Udo

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Abstract

This paper delves into the interplay between the new economy and knowledge management within the context of emerging markets. As globalization intensifies and technology propels change, emerging markets stand at the crossroads, poised to leverage knowledge management for sustainable economic growth. Through exhaustive research, we found that successful integration of knowledge management practices within these markets led to increased innovation, competitive advantage, and economic resilience. However, challenges in infrastructure, cultural nuances, and technology adaptation pose significant obstacles. Our recommendations emphasize the need for a hybrid approach, blending traditional wisdom with modern knowledge management strategies, and fostering collaboration between the public and private sectors. By adopting these tailored approaches, emerging markets can navigate the challenges of the new economy, harnessing knowledge management as a robust tool for sustained economic prosperity.

keywords:

knowledge management, new economy, knowledge sharing, emerging economy, globalization, technology, innovation, economic prosperity.

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References:

Akinbo, T. F., Fagbenle, I. O., & Amusan, L. M. (2023). Factors inhibiting Sustainable
Knowledge Management in Nigeria. IOP Conference Series: Earth & Environmental
Science, 1197(1), 1–13.
https://doi.org/10.1088/1755-1315/1197/1/012013

Aladwan, S. A., AL-Yakoub, T. A., & Adaileh, A. M. (2022). Challenges of knowledge
management in the public sector: evidence from the King Abdullah Award for
Excellence in Jordan. The TQM Journal, 34(6), 1896–1913.
https://doi.org/10.1108/TQM-09-2021-0253

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