Knowledge-based Development and Its Relation to Economic Prosperity in Developing Countries

  •  Shah Md. Atiqul Haq    


This paper explains how integrative knowledge-based development can contribute to economic growth and social development as an important field of research. We show how it would be useful for country-specific demands and issues, and the significance of investment in knowledge-based research and the importance of universities in the practice and advancement of integrative approaches of knowledge-based development. Academic communities still prefer knowledge and research from applied sciences and physical sciences to contribute to government policies and initiatives in the context of development. But there is less attention paid to the contribution of the social sciences to economic and social development. Recently, research has been emphasized that incorporates multidisciplinary approaches in problem solving and best solutions for improving social, environmental, political, and economic crises. Though knowledge-based development is an international phenomenon, the concept of knowledge-based development as a form of capital and a well managed investment is still not realized in developing countries compared with developed countries. Universities are a platform to promote and advance knowledge-based development by cultivating multidisciplinary and integrative research beyond individual discipline boundaries.

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