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Defining and identifying the knowledge economy in Scotland: a regional perspective on a global phenomenon

McNicoll, Iain and Kelly, Ursula and Marsh, Richard and McLay, David (2002) Defining and identifying the knowledge economy in Scotland: a regional perspective on a global phenomenon. University of Strathclyde, Glasgow, United Kingdom. ISBN 0-9542926-0-X

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Abstract

The development and growth of a knowledge economy has become a key policy aim forgovernments in all advanced economies. This is based on recognition that technologicalchange, the swift growth of global communications, and the ease of mobility of capital across national borders has dramatically changed the patterns of international trade and investment. The economic fate of individual nations is now inseparably integrated into the ebb and flow of the global economy. When companies can quickly move capital to those geographical locations which offer the best return, a country's long term prosperity is now heavily dependent on its abilityto retain the essential factors of production that are least mobile. This has led to apremium being placed on the knowledge and skills embodied in a country's labourforce, as it has become a widely accepted view that a country which possesses a high level of knowledge and skills in its workforce will have a competitive advantage overothers with a lower domestic skill base. Knowledge and skills are thought to be thebasis for the development of a knowledge economy.

Item type: Book
ID code: 3111
Keywords: knowledge economy, higher education, international trade, labour mobility, economies, Economic History and Conditions, Management. Industrial Management, Economic Theory, Higher Education
Subjects: Social Sciences > Economic History and Conditions
Social Sciences > Industries. Land use. Labor > Management. Industrial Management
Social Sciences > Economic Theory
Education > Theory and practice of education > Higher Education
Department: Strathclyde Business School > Economics
Professional Services > Information Services
Depositing user: Strathprints Administrator
Date Deposited: 04 Apr 2007
Last modified: 15 Apr 2015 13:15
URI: http://strathprints.strath.ac.uk/id/eprint/3111

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