The second ‘International Research Conference on Knowledge for Growth and Development’, organized by the Faculty of Management & Finance, University of Colombo was held recently at the Sri Lanka Foundation Institute.
Researchers from universities in China, Singapore, Bangladesh, India, Pakistan, Malaysia and Sri Lanka presented papers at this conference. All full papers will be reviewed and published in the Colombo Business Journal by the Faculty of Management & Finance, University of Colombo soon.
"Currently 50% of economic output is value-added. The service sector contributes largely to economic output. Therefore, innovative knowledge management is very important for development in the world," said Dr. P S. M.Gunaratne, Dean of the Faculty of Management and Finance at the inaugural session of the conference.
Every four to five years, available knowledge doubles in the world. India is substantially managing knowledge well. The other countries in the region are lagging behind. Some economies are referred to as knowledge-based economies. An economy where knowledge is innovated, disseminated and used for producing products and services is a knowledge-based economy.