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What is the ‘knowledge economy’? Knowledge- intensive ...

What is the knowledge economy ? Knowledge- intensive industries and distributed knowledge SmithSTEP GroupOsloNorwayMay 2000 Prepared as part of the project Innovation Policy in aKnowledge-Based Economy commissioned by the European Commission 1 I would like to thank Daniele Archibugi, Robin Cowan, Paul David, Dominique Foray, Gertvan de Paal, Luc Soete and members of the European Commission for comments on an earlierdraft of this : technology and competencePublic policies for science, technology and innovation have always been aimedprimarily at creating and diffusing knowledge. In recent years such policies haveattracted increasing attention as a result of claims that Knowledge- intensive industriesare now at the core of growth, and that we are now entering a new type ofknowledge-driven economy or even a completely new form of knowledge society.

4 knowledges.8 Looking to the recent past, the industrial economy of the nineteenth century was intensively knowledge-based, and it might be that many claims about the current ’knowledge economy’ could plausibly have been made a hundred years ago.

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  Century, Nineteenth, Of the nineteenth century

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