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Social and Behavioral Sciences Commons

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2002

Faculty of Commerce - Papers (Archive)

Economy

Articles 1 - 2 of 2

Full-Text Articles in Social and Behavioral Sciences

Strengthening The Knowledge Economy, Samuel Garrett-Jones Jan 2002

Strengthening The Knowledge Economy, Samuel Garrett-Jones

Faculty of Commerce - Papers (Archive)

What is knowledge ecomony? The knowledge economy could be defined as one where "comparative advantage [is] much less a function of natural resource endowments and capital-labour ratios and much more a function of technology and skills". 13 Its development is the product of two forces: a rise in the knowledge intensity of economic activities and an increasing globalization of economic affairs. It is driven by the revolution in information and communications technology, the increasing pace of technological change and by national and international deregulation. 14


Competition And Innovation: Small And Medium Enterprises In The New Economy, Boon-Chye Lee Jan 2002

Competition And Innovation: Small And Medium Enterprises In The New Economy, Boon-Chye Lee

Faculty of Commerce - Papers (Archive)

The advent of the "New Economy" has important implications for how small and medium-sized enterprises will compete. This. paper proceeds by examining the key characteristics of the industries of the New Economy, and what they mean from the perspectIve of innovation and competition for SMEs.