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The Implications Of The Knowledge Economy For Venture Promotion Policies, Teck Meng Tan, Wee Liang Tan

Research Collection Lee Kong Chian School Of Business

The advent of the knowledge economy brings with it needed new public policy initiatives on the part of governments desiring to ensure that enterprises in their economies are able to participate and excel in this new arena. The knowledge economy brings with it opportunities for new ventures as it embroils the global economy in a revolution where information technology is a pervasive and enabling force; where knowledge is the critical asset. This paper explores the implications this revolution for small and medium-sized enterprises and suggests policy initiatives that would assist in promoting ventures for this brave new world.