Abstract
Today, there is an emerging view that we are at one of those rare inflection points along the path of world evolution. Some observers describe today’s global economy as one in transition from an industrial to a knowledge economy (KE) where investment in intangibles is increasingly recognized as the source of wealth, competitiveness and prosperity. The literature on intangibles exploded throughout the 1990s and many firms, academic institutions and governments, as well as influential organizations (such as, the OECD, the World Bank Institute (WBI), the European Commission (EC), the Brookings Institute, and the International Federation of Accountants) put intangibles discussion into their agenda. At the same time, the popular use of some terms, such as intellectual capital, intangible capital, knowledge organizations, knowledge workers, learning organizations, intellectual assets, intelligent cities, knowledge regions or others has become part of a new lexicon describing new forms of economic value creation and social organization while challenging mental models and business models.
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© 2012 José Maria Viedma Marti and Maria do Rosário Cabrita
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Marti, J.M.V., do Rosário Cabrita, M. (2012). The Knowledge Economy. In: Entrepreneurial Excellence in the Knowledge Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9781137024077_2
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