Science, Technology - OECD

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Policy BriefOrganisation for Economic Co-operation and Development OECD 2000September 2000SummaryScientific advances and technological change are important drivers ofrecent economic performance. The ability to create, distribute andexploit knowledge has become a major source of competitive advan-tage, wealth creation and improvements in the quality of life. Some ofthe main features of this transformation are the growing impact ofinformation and communications technologies (ICT) on the econ-omy and on society; the rapid application of recent scientific advancesin new products and processes; a high rate of innovation across OECDcountries; a shift to more knowledge-intensive industries and serv-ices; and rising skill changes imply that science, Technology and innovation are nowkey to improving economic performance and social well-being.

2 Policy Brief Science, Technology and Innovation in the New Economy What is the role of science, technology and innovation in the new economy? Recent OECD analysis shows that

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