An economy can has a lot of sectors: agriculture, industry, services, etc. I mean, the agriculture economy, the industry economy, the services economy. If a country bases its growth in one sector for example the agriculture sector, the country has an agriculture-based economy.
The knowledge-based economy (kbe) is an economy based on the knowledge sector (design, arts, research, software, etc). A kbe is focused on the economy growth of a region. A knowledge-based development (kbd) integrates the kbe but also the knowledge-based society (kbs) integrated by knowledge citizens. A knowledge worker is a hight qualified worker for example a PhD researcher. A knowledge citizen is a person that knows the consequences of his/her acts, and how they affect the environment, the society and the economy no matter the grade of study of that person.
The kbe goal is to create economic value, the kbd goal is to cread quality of life. The knowledge-based strategies are focused on increase the value of the eight capitals of a city (identity, intelligence, relational, financial, human individual, human collective, instrumental tangible and instrumental intangible), each capital can be exchange by others of others cities so the money is a part of the total value of the city but not the only kind of capital.
At this moment the ICT4Dev is a key element to develop knowledge cities because the ICT are excellent tools to create, represent, storage and transfer knowledge assets between citizens and cities.
If anybody is interested about this themes I will be happy to know about.
Master in Management of ICT