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On September 17 and 18, 1998, a conference took place at Mont Tremblant on the theme "Doing Business in a Knowledge-Based Economy." This conference brought together some hundred participants from government, business and academia, with backgrounds in business administration, engineering, public administration and economics, to provide a multidisciplinary analysis of what has come to be known as the "Knowledge-Based Economy" (KBE). The aim was to come up with suggestions and recommendations about how to do business in a knowledge based economy, both at the firm level and at the government level. All presenters were explicitly asked to conclude with policy recommendations. The conference was sponsored by Industry Canada and organized by the Centre of Interuniversity Research on the Analysis of Organizations (CIRANO). The conference papers offered U.S., Canadian and European perspectives on the management of a knowledge-based economy. This volume is divided into three parts. The papers in part I set the stage by describing the salient features of the KBE. What is so special about it? What are its economic underpinnings? What are its technological characteristics? Knowledge plays a crucial role in a KBE, hence its name. Whereas, in the past, growth was determined primarily by the availability of land, natural resources, labour and capital successively, at the end of the twentieth century, knowledge has become a (if not the) major factor of economic growth.
Research and development (R and D) leads to innovation, and innovation leads to technological change. Technological change, in turn, is the primary driver of economic growth. Public/private partnerships -- cooperative relationships among industry, government, and/or universities -- leverage the efficiency of R and D and are thus a critical aspect of a nation’s innovation system. This text is intended for upper-level undergraduate and MBA courses such as Economics and Technology, Economics of Innovation, and Economics of Science and Technology, among others. The first chapter introduces the concept of public/private research partnerships along with other concepts fundamental to an understanding of innovation and technology policy. The framework chapters (2-5) set forth an argument for the public’s role – government’s role – in innovation in general and in public/private partnership in particular. The remaining chapters (6-14) describe a number of public/private partnerships and, to the extent possible, evaluate their social impact.
This book is an authoritative confirmation of the critical role that knowledge plays in economic transformation. It is an indispensable roadmap for new research programmes and a guidepost for policy makers around the world. Calestous Juma, Harvard Kennedy School, US How to use and capitalize knowledge for the benefit of society has become even more urgent in the present financial and economic crisis. This book embraces the tensions inherent in the complex governance of research and innovation. It argues for strategies appropriate to the behaviour of complex adaptive systems in an evolutionary mode, thereby highlighting in a timely manner the necessary fit between organizational forms and the epistemological structure of knowledge in the overall context of a fertile investment climate. Helga Nowotny, European Research Council, WWTF Vienna Science and Technology Fund, Austria In the 21st century, economic and social development depends increasingly on knowledge rather than labour and capital. This book examines how knowledge is exploited through the development of innovations that yield economic and other benefits. The authors, who include leading figures from the field of innovation studies, look in particular at the growing links between universities, government and industry and the evolving triple helix relationship as they attempt to develop more effective means for capitalizing on knowledge. The book will be of considerable interest to policy-makers and to senior managers in industry and universities as well as to innovation scholars. Ben Martin, University of Sussex, UK In recent years, university industry government interactions have come to the forefront as a method of promoting economic growth in increasingly knowledge-based societies. This ground-breaking new volume evaluates the capacity of the triple helix model to represent the recent evolution of local and national systems of innovation. It analyses both the success of the triple helix as a descriptive and empirical model within internationally competitive technology regions as well as its potential as a prescriptive hypothesis for regional or national systems that wish to expand their innovation processes and industrial development. In addition, it examines the legal, economic, administrative, political and cognitive dimensions employed to configure and study, in practical terms, the series of phenomena contained in the triple helix category. This book will have widespread appeal amongst students and scholars of economics, sociology and business administration who specialise in entrepreneurship and innovation. Policy-makers involved in innovation, industrial development and education as well as private firms and institutional agencies will also find the volume of interest.
With the buzzwords of knowledge-based economy and knowledge-driven economy, policy-makers, as well as journalists and management consultants, are pushing forward a vision of change that transforms the way advanced economies work. Yet little is understood about how the knowledge-based economy differs from the old, traditional economy. It is generall
Scholars in the science and technology field have not collectively questioned, much less proposed, an agenda for policy makers. Now is an appropriate time for such an undertaking. First, there is a growing belief that the U.S. national research and development system, like that of many industrial nations, is changing due to global competitive pressures and advancements in information technology and electronic commerce. Second, industry's R&D relationship with the academic research community is changing not only because of the global competition but also because of alterations in the level of government support of fundamental research. As a result, policy makers will need to rethink their approaches to science and technology issues. This volume is a collection of essays by scholars about innovative policy in the knowledge-based economy. By knowledge-based economy we mean one for which economic growth is based on the creation, distribution, and use of technology. As such, innovation policy in such an economy must enhance the creation, distribution, and use of knowledge that leads to the creation, distribution, and use of technology. This volume considers elements of an innovation policy: innovation policy and academic research, innovation policy in electronic commerce, and innovation policy and globalization issues.
. . . the topical way in which the subject is discussed makes this book useful also for policymakers or entrepreneurs interested in the subject. It is also appropriate for Masters or Ph.D. students who have a basic background in economics and management. . . [the book] provides interesting and deep analysis of the dynamic of knowledge economy and it is very well written. Francesca Masciarelli, Journal of Management and Governance The knowledge economy is a concept commonly deemed too ambiguous and elusive to hold any significance in current economic debate. This valuable book seeks to refute that myth. Presenting an important collection of views, from a number of leading scholars, this innovative volume visibly demonstrates that knowledge and information are a prime resource in driving the dynamics of an economy. It is argued that in order to understand the knowledge economy a diverse set of insights and approaches are required, which shed new and striking light on the roots of present-day economic dynamics. Using both theoretical and empirical material, this interdisciplinary collection offers a range of micro and macro perspectives. It draws on a variety of scientific backgrounds, and uses and develops a number of different methodologies, some of which may not be familiar in mainstream economics. The approaches adopted by historians, economists, systems theorists, management scholars and geographers which are explored in this book are central to encouraging a new and practical way forward in reading the dynamics of the knowledge economy. In offering these key insights, this important volume makes an invaluable contribution to the lively debate surrounding the knowledge economy. An essential read for economists, this book will also find widespread appeal amongst scholars of management, cultural studies and geography.
What is Knowledge Economy The knowledge economy, or knowledge-based economy, is an economic system in which the production of goods and services is based principally on knowledge-intensive activities that contribute to advancement in technical and scientific innovation. The key element of value is the greater dependence on human capital and intellectual property as the source of innovative ideas, information and practices. Organisations are required to capitalise on this "knowledge" in their production to stimulate and deepen the business development process. There is less reliance on physical input and natural resources. A knowledge-based economy relies on the crucial role of intangible assets within the organisations' settings in facilitating modern economic growth. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Knowledge economy Chapter 2: Human capital Chapter 3: Creative destruction Chapter 4: Information society Chapter 5: Productivity Chapter 6: Knowledge worker Chapter 7: Information revolution Chapter 8: Post-capitalism Chapter 9: Business cluster Chapter 10: Deskilling Chapter 11: Innovation economics Chapter 12: Informatization Chapter 13: Entrepreneurship Chapter 14: Knowledge Economic Index Chapter 15: Technology and society Chapter 16: Knowledge society Chapter 17: Creative economy (economic system) Chapter 18: Clusters of Innovation Chapter 19: TVET (technical and vocational education and training) Chapter 20: Triple helix model of innovation Chapter 21: Digital agriculture (II) Answering the public top questions about knowledge economy. (III) Real world examples for the usage of knowledge economy in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Knowledge Economy.
In recent decades urban regions around the world have engaged in a new process of development based on the creation of new knowledge. Amidst the globalization of economic activities and the arrival of transformative technologies, knowledge has become the key driver of competitiveness and is profoundly reshaping the patterns of economic growth and activity. This book offers a comprehensive new model of the rise of a Knowledge Economy and its evolutionary development in the Megalopolis. These regions are developing new institutions and governance mechanisms to adapt, disseminate, and utilize available knowledge to promote continuing development of their Knowledge Economies. However, such developments are accompanied by increasing inequalities in incomes and in urban services. This book examines the resilience of some urban regions and their recent emergence as vibrant Knowledge Economies. It also reviews the recent renewal and growth in the Megalopolis-- stretching along the Atlantic Seaboard along the metropolitan areas of Boston, New York, Philadelphia, Baltimore and Washington DC. This book will appeal to researchers and professionals interested in urban and regional development, and to business groups interested in economic development.