The Innovation Systems of Latin America and the Caribbean

Alberto Melo

No 1429, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: It is now widely recognized that we live in a knowledge-based economy; in fact, knowledge is the driving factor behind productivity growth. The share of knowledge-intensive sectors in the world economy's value-added and employment has been rising for a number of years. This trend is particularly pronounced in the developed countries, where by 1999 knowledge-based industries share of GDP was already above 50 percent, up from 45 percent in 1985 (OECD, 1999; OECD, 2000a). Furthermore, knowledge-driven innovation has become a decisive factor in the competitiveness of both nations and firms.

Keywords: WP-460 (search for similar items in EconPapers)
Date: 2001-08
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:1429

DOI: 10.18235/0001989

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