vidensøkonomi

Vidensøkonomi, or the knowledge economy, is an economic framework in which growth and prosperity are driven primarily by the production, distribution, and use of knowledge and information. In such economies, value arises from human capital, innovation, and organizational capabilities rather than from physical capital alone. Knowledge is embedded in people, networks, software, data, and intellectual property, and is amplified by information and communication technologies.

Key drivers include high-quality education and lifelong learning, a strong research and development (R&D) system, and vibrant innovation ecosystems that connect universities, firms, public research institutes, and government agencies. A robust digital infrastructure, data governance, appropriate IP protection, and accessible funding for startups are essential. Public-private partnerships and conducive regulatory environments help translate knowledge into new products and services.

Sectors in the knowledge economy are often services-based, including information technology, finance, professional services, life sciences, media, and design. Production relies on automation, data analytics, AI, and digital platforms, while global value chains enable cross-border knowledge transfer and specialization.

Policy and institutions shape the knowledge economy through investments in education, research, and lifelong learning; support for R&D commercialization; and policies that promote competition, digital access, and data-driven governance. Regional strategies and place-based initiatives aim to foster innovation ecosystems in cities and regions, reducing disparities and reinforcing resilience.

Challenges include managing transitions for workers displaced by automation, measuring intangible capital, and safeguarding privacy and ethics in data use. Sustainable development in a vidensøkonomi requires aligning innovation with social inclusion and environmental objectives.