Over 50 years ago Peter Drucker introduced the world to the term ‘knowledge worker’ and a few years later introduced us to the term ‘knowledge economy’.
Much has been written and discussed about both terms since they were introduced, and over recent years we have witnessed the development of business models associated with knowledge-based organisations and the increased emphasis/importance of non-financial measures.
At a macro level, the World Bank has in place a Knowledge Assessment Methodology (KAM) and interactive benchmarking tool “to help countries identify the challenges and opportunities they face in making the transition to the knowledge-based economy”.
The KAM includes two indexes – the Knowledge Economy Index (KEI) which takes into account whether the environment is conducive for knowledge to be used effectively for economic development, and the Knowledge Index (KI) which measures a country’s ability to generate, adopt and diffuse knowledge.
You can view the interactive benchmarking tool (which includes filters over time, by cross-country comparison, and by a world map) and the KEIand KI Indexes for 2012 via the following link – http://info.worldbank.org/etools/kam2/KAM_page5.asp and will see Sweden ranked 1, United States 12, United Kingdom 14 and so on through to Myanmar ranked 145.