Socially Inclusive Knowledge Economy for Sustainable Development

Abstract

Terms like "One Earth" and "One Globe" are simply concepts until everyone has access to possibilities without compromising the protection of nature. Is knowledge actually knowledge if it hasn't been implemented to benefit society and the environment? A prosperous society is built on a foundation of interrelated economic and social justice. The concept of social wellbeing is diminishing. Social inequality and marginalized populations in society are expanding alarmingly post-COVID. In the knowledge economy, innovation and competitiveness can deliver effectiveness, quality, establish a solid foundation for harmony with nature, while addressing social vulnerability. The knowledge economy can play a role in tackling global issues such as changing climate concerns and the accessibility of alternative ways to live at every corner of globe. For a prosperous future and for generations to follow, a knowledge economy which puts a strong emphasis on nature and inclusive social well-being may provide positive results. This paper will emphasize the significance of a knowledge economy that is socially inclusive and promotes sustainable growth for the benefit of both people and nature. The paper uses qualitative methodologies to show how a socially inclusive knowledge economy supports social and economic justice while also progressing society towards sustainable growth and development. DOI: https://doi.org/10.53486/cike2023.31; UDC: [316.344.2:165.12]:504.06; JEL: Z18, D69, F69