Knowledge Economy

What is Knowledge Economy?

- The sector of the economy
which is increasingly based on
knowledge-intensive activities.

Associated with:
• High-Tech Manufacturing
• Service Sector Industries
• Business Services
Characteristics:
*Knowledge and Information are key driver of productivity.
*Increased Automation
*Intellectual Capital rather than Physical Units.
 Disadvantages:
• Increased gap between high-skilled
and low-skilles workers.
• Wage inequality
• Low demand in low-skilled workers

Importance:
• Enables innovation and customization
• Increased Efficiency
• Emphasize the potential of Human
Capital
• Growth in knowledge intensive
activities
Philippines
VS
Singapore
 Knowledge Economy Index Global Innovation Index
Year Philippines Singapore Year Philippines Singapore

2012 3.94 8.26

2019 54th 8th
2000 4.59 8.57
2018 76th 5th
1995 5.07 8.40

Research and Development Budget

Year Philippines Singapore

2019 20.26 billion 146 billion

2020 20.18 billion 327.77 billion

 Philippines

Ejeepneys
DOST

Electric Trains

Hybrid Trimaran Vessel

 Biomedical Science
NEA Project
Singapore

Sustenir
-Indoor plantation, that replicates
the outside environment where
plants can grow.
3D Food Printers
Stamp Technology - used Proton Beam Therapy – used in
in conducting biopsy. treating cancer

Prosthetics

Biomedical Engineering
 Architecture

Pearl Bank Apartments Robinson Tower Ferrell Residences

Interlace Esplanade

The Hive Sky Habitat