KNOWLEDGE ECONOMY. “Scientific advances … are important drivers of recent economic performance. The ability to … exploit knowledge has become a major source of competitive advantage, wealth creation and improvements in the quality of life. (Main) features of this transformation are the …impact of (IT) on the economy ; the rapid application of … scientific advances in new products and processes; a high rate of innovation across OECD countries; a shift to more knowledge-intensive industries and services; and rising skill requirements”. ”
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