Innovation in knowledge-intensive service provision: A view on the role of government

In the first atricle in European Finance N°2, Rooney shows that the service sector is increasing steadily in most of the developped economies but also in Hong Kong for example. And in this service sector the knowledge sector is growing in the form of an “advisory economy”, among other , in the Banking and finance sector. What is asked for more and more is wisdom. Wisdom is the art of understanding ad communicating what is happening today, what is important and what has to be done now and later. And wisdom is also what is the more scarce. Rooney shows also that the tightening of Intellectual Propriety Rights (IPR) benefits mostly to USA and some large EU economies. But this closure hampers a country like Australia, which sustains this very policy. Rooney asks governements to pay more attention to those issues and to adopt as soon as possible, a forward looking and wise knowledge policy. Marc Luyckx Ghisi, Knowledge society, European Finance