Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/87980 
Authors: 
Year of Publication: 
2001
Series/Report no.: 
Working Paper No. 460
Publisher: 
Inter-American Development Bank, Research Department, Washington, DC
Abstract: 
It is now widely recognized that we live in a knowledge-based economy; in fact, knowledge is the driving factor behind productivity growth. The share of knowledge-intensive sectors in the world economy`s value-added and employment has been rising for a number of years. This trend is particularly pronounced in the developed countries, where by 1999 knowledge-based industries share of GDP was already above 50 percent, up from 45 percent in 1985 (OECD, 1999; OECD, 2000a). Furthermore, knowledge-driven innovation has become a decisive factor in the competitiveness of both nations and firms.
Document Type: 
Working Paper

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