chapter  5
16 Pages

The state and the contradictions of the knowledge-driven economy

ByBOB JESSOP

The modern world is swept by change. New technologies emerge constantly, new markets are opening up. There are new competitors but also great new opportunities. Our success depends on how well we exploit our most valuable assets: our knowledge, skills and creativity. These are the key to designing high-value goods and services and advanced business practices. They are at the heart of a modern, knowledge-driven economy. This new world challenges business to be innovative and creative, to improve performance continuously, to build new alliances and ventures. But it also challenges governments: to create and execute a new industrial policy.