European Economic Perspectives 22

The Economics of the Knowledge Driven Economy

On 27 January 1999, CEPR held a conference with the UK Department of Trade and Industry (DTI) on the economics of the knowledge driven economy. The starting point for the discussion was the UK government’s Competitiveness White Paper published at the end of 1998, Our Competitive Future: Building the Knowledge Driven Economy. The conference explored the meaning of the knowledge driven economy; what the growing importance of knowledge implies for industrial structure, for national economic performance, and for the sources of competitive advantage for both firms and nations; and how government policy should be directed towards building UK capabilities, facilitating collaboration within and between businesses, and encouraging competition. A full report appears in CEPR’s Bulletin No.74.

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