This article argues that abstract knowledge in the form of formally developed theory plays an increasingly important role in the economy and in financial innovation in particular. Abstract knowledge is easily reified, and this is an aspect of knowledge work that is insufficiently researched. In...

We present a concise, exploratory, discussion paper that provides some promising hypotheses concerning how economic development processes may be evolving in the KBE era. Emerging roles for ICTs and services in the economy are driving these changes. Developing countries may be able to leapfrog...

All industries are based upon a core of knowledge. Economic evolution is the growth of this knowledge as an experimental and path-dependent process involving markets, firms, finance, entrepreneurship, and often substantial uncertainty. In the set of industries associated with information...

We propose a theory of innovation in services based upon the development of new markets that exploit the powers of ICT to coordinate service production and delivery. As digital communications and computational infrastructure have developed over the past few decades, the scale and scope of the...

This paper examines some of the impacts of the widespread adoption and use of the Internet in advanced countries on business, consumers and the media. It is argued that while capital costs of entry into Internet-based businesses may be very low, this does not guarantee that markets in which such...

Africa is a case of structural change without industrialization and without diversification. Agriculture's decline was matched by an increase in services and non-manufacturing industry, with manufacturing remaining low and stagnant throughout the post-colonial period. To what extent do these...

In connection with the current government Review of the Australian patent system, a large amount of survey data on aspects of the use of patent information by industry, engineers, and others has been assembled during the 1980-1981 period. Results show that major reasons for Australian use of...

Africa is a case of structural change without industrialization and without diversification. Agriculture�s decline was matched by an increase in services and non-manufacturing industry, with manufacturing remaining low and stagnant throughout the post-colonial period. To what extent do...

As the global economy becomes more knowledge intensive and the wealth of nations more dependent on their knowledge assets being harnessed, it is essential for policy makers to have frameworks for the development and utilisation of national knowledge assets. This article argues that a policy...