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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 generally agreed that the phenomenon has grown out of the branch of economic thought known as new growth theory.

Digesting up-to-date thinking in economics, management, innovation studies and economic geography,...

Focusing on the dynamics of the knowledge economy, this volume provides an overview of the knowledge creation capabilities of economies, an examination of their growth performance and a detailed analysis of how the creation and connection of knowledge is becoming the key means of growing productivity.

Huggins and Izushi introduce the concepts of network capital and knowledge communities to explain and understand how knowledge is connected and transferred across firms, organizations and economies, whilst taking issue with accepted concepts of business clusters, social capital and...

The aim of this book is to consider theoretically the notion of the "global competitiveness of regions," as well as giving attention as to how such competitiveness may be empirically measured. With this in mind, the book has three specific objectives: first, to place the concept of regional competitiveness within the context of regional economic development theory; second, to present a rationale and method for quantifying the global competitiveness of regions; and, third, to undertake the most geographically widespread analysis of regional competitiveness differences across the globe. With...