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KNOWLEDGE ECONOMY BKE 2614. Year 2008

KNOWLEDGE ECONOMY BKE 2614. Year 2008. PRESENTED BY: TAN WENN YIT 1061102248 MICHELE CHANG YEN LING 1061102233 BURHAN ADLI BIN YUSOFF 1061102507 GOH YUE RUI 1061102305 WONG NGIE JOONG 1061102103 LOW AI LIN 1061102202 NIK SAUFI BIN NIK MURAD 1061102534

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KNOWLEDGE ECONOMY BKE 2614. Year 2008

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  1. KNOWLEDGE ECONOMYBKE 2614. Year 2008 PRESENTED BY: TAN WENN YIT 1061102248 MICHELE CHANG YEN LING 1061102233 BURHAN ADLI BIN YUSOFF 1061102507 GOH YUE RUI 1061102305 WONG NGIE JOONG 1061102103 LOW AI LIN 1061102202 NIK SAUFI BIN NIK MURAD 1061102534 MUHAMMAD ZUHRI BIN HAMDAN 1061102460 CHEE SUET LENG 1041111312 YIN SHAO HUAY 1041111306 ~UZBEKISTAN~

  2. INTRODUCTION

  3. UZBEKISTAN

  4. UZBEKISTAN Formal Name: Republic of Uzbekisten (Ozbekistan Respublikasi) Capital: Tashkent A dry, landlocked country of which 11% consists of intensely cultivated, irrigated river valleys.

  5. INTRODUCTION TO UZBEKISTAN ECONOMY

  6. Primarily on agriculture Relies mainly on commodity production : cotton, gold, uranium, and natural gas. Cotton: - world 2nd largest exporter - 5th largest producer - major source of export earnings Gold: - major producer of gold - largest open-pit gold mine in the world. Ranking : 113th out of 177 countries in HDI (Human Development Index)

  7. INDICATORS

  8. FEATURES OF KNOWLEDGE ECONOMY

  9. ICT • Definition: Includes all technology for the manipulation and communication of information • A revolutionary vehicle or tool • Communication, information and knowledge distribution = easier, faster, cheaper • Global village

  10. Allocation of Resources • Efficient production relies on information and knowledge components • Greater importance is placed on knowledge sector (higher productivity) than agricultural sector (low productivity) • Higher productivity = Higher returns

  11. Increasing Return • Knowledge workers as key production factor • Reducing production costs, increasing productivity and yields higher return • Advancement of ICT eliminates distance costs • Economies of scales (EOS)

  12. Constant Demand for Knowledge Workers • Firm’s source of competitive advantage • Essential for the growth of the K-Economy • Why? • Productivity higher • Reducing costs, increasing return and profit • Adds value and wealth creation • Producing knowledge goods and services

  13. Knowledge Production, Distribution and Management Upgraded Created / produced Knowledge Disseminated Managed efficiently & effectively Combined

  14. Dominant Role of Service Sector • Service sector drives K-Economy • Examples: Health, education, business, etc. • Combination of advancement of ICT and knowledge components enlarge its size • New knowledge is generated

  15. Globalization • Emergence of a collaborative and competitive global economy • Markets are globalizing rapidly • No boundaries • Idea-driven innovation cycles are crucial • ICT makes all markets interconnected and more competitive

  16. CHALLENGES

  17. Geography • Topography • Land use– 80% desert • Environmental factors • Inadequate sewage disposal • Soil contamination

  18. Transportation & Telecommunications • Landlocked • Hard to reach high seas • Internet • Prices to access is high

  19. Government & Politics • Lack independence judicial and legal system • Abuse of power • Freedom of press refrained

  20. Society • Education & Literacy • Lack of budgetary support • Private school are forbidden • Health • Entitlement to free medical attention affected by bribery • Insufficient medical supplies • HIV, drug abuse

  21. Economy • Labor Market Risk • Insufficient training • Lowly paid wages • Not able to meet market demands • Limited jobs in private sector • 60% rural area • Agriculture cannot develop

  22. National Security • Tension with neighboring countries • Kyrgyzstan • Tajikistan • Terrorist activities

  23. RECOMMENDATIONS

  24. Lean towards a more democratic system - independent judicial and legal system, more privatizations, lesser government control, etc… • Improve network and telecommunication - Lessen internet and telecommunication control, increase line of communication, increase technology, etc… • Improve international connection - more communication with outsider, more treaty, etc…

  25. Improve education system. - Reformation, early education system, post-graduate education, etc… • Research & Development. - Research old problems, develop new solutions, improve service sectors, lands, etc…

  26. CONCLUSION • Need to improve the country system. • Accept international connection. • Knowledge must be disseminated throughout the country. • To emerge as a knowledge based economy.

  27. THE END~THANK YOU~

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