Amer Al-Roubaie, Ahlia University, Bahrain
Shafiq Alvi, Concordia University, Canada
Purpose The aim of this paper is to discuss the potential impact that collaboration between East and West could have on sustainable development. Greater emphasis in this paper will be placed on the benefit that the developing countries gain from building collaborative relations with the West. Obtaining access to knowledge and technology will enable the developing countries to speed up the process of socioeconomic transformation and sustain development. The developing countries can leapfrog by making use of the existing knowledge in the West.
Methodology this paper provides descriptive assessment of the relationship between East and West to foster growth and sustain development. The paper uses newly developed ideas to build capacity for knowledge transfer to create linkages and acceleratethe process of economic growth. The approach to knowledge-based development requires the creation of enabling environment driven by skills, innovation, institutions and ICT.
Findings the paper suggests that knowledge transfer enables developing countries to sustain development. Access to global/Western knowledge allows developing countries to diversify the economic structure and increase productivity. Technological learning andknowledge absorption permit these countries to leapfrog by surpassing several stages in their development.
Practical implications information in this paper help readers understand the merits of the new economy and the potential benefits that developing countries can obtain from participating in the global economy. Indigenous knowledge and local innovation are important for local development which can be enhanced through technology transfer and knowledge dissemination.
Originality/value Unlike traditional economic theories in which capital and labor provide the main inputs in production, this paper discusses a new approach to development where knowledge, skills and innovation represent the main forces behind growth. The paper explores new ideas to generate linkage and sustain development.
Keywords knowledge, sustainable development, technology, East, West, globalization