A Comparative Framework for Knowledge Cities
The knowledge-based economy operates in parallel with the traditional economy, and in many cases intersects directly with it. This allows the continuous innovation of products and services. The knowledge-based economy has resulted in new organizational structures that promote the sharing of human capital expertise. However, what truly differentiates today’s knowledge-based economy is the acceleration and intensification of the production, use, and dissemination of new knowledge and new technologies (Michaud, 2003).