Standards of Knowledge Communities

Ironically, the sector that was expected to define and lead the global economy into the new growth era of the new millennium would be the first casualty of a global economic slowdown and a diminishing capitalization of new products and ideas at the very beginning of that millennium. This contraction in the information technology sector in 2001 may have created further doubts in the minds of those who are unable to conceptualize the relationship among the rapid development and diffusion of IT, nurturing and interlinking knowledge cells into knowledge communities, and the empowerment of communities in the traditional non-industrialized economies.