ABSTRACT

Introduction There is a vast and diffuse literature on the increasing importance of knowledge and its applications to post-industrial economic growth and competitive advantage.! The shift from an economy of goods to an economy of ideas has fundamental theoretical implications, many still poorly understood. Information, ideas, knowledge have characteristics that make them unlike other resources or goods, in particular, they are not scarce but proliferate with usage.2 These characteristics have been brought to the fore with the development of efficient, cheap, cross-border communication channels and the emergence of English as a lingua franca: two of the most cited drivers of globalization (Frank and Cook 1995).