Competing for Knowledge: Creating, Connecting, and Growing by Robert Huggins

By Robert Huggins

Targeting the dynamics of the data financial system, this quantity presents an outline of the data production services of economies, an exam in their development functionality and a close research of the way the construction and connection of data is turning into the major technique of becoming productiveness. Huggins and Izushi introduce the ideas of community capital and data groups to provide an explanation for and know how wisdom is hooked up and transferred throughout organizations, businesses and economies, when taking factor with permitted suggestions of industrial clusters, social capital and endogenous development thought. This e-book demonstrates how the information economic system has essentially shifted the way the values of either companies and economies are measured and issues to the best way the data race has turn into worldwide as a result of expanding elements of the constructing global being built-in with the built international via overseas exchange and funding. This book will interest students and researchers engaged with the information financial system, administration and monetary geography, in addition to managers and public coverage makers attracted to competitiveness and financial improvement.  

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Extra info for Competing for Knowledge: Creating, Connecting, and Growing (Routledge Studies in Global Competition)

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3 Knowledge-based capacity of best-performing regions In 1940, Santa Clara County was a peaceful agricultural valley. By 1960, the electronics industry had taken root and it had become one of the fastest growing urban areas in the country. 1 When AnnaLee Saxenian, an expert on the Silicon Valley economy at Berkeley, wrote this in 1981, she drew attention to the urban problems that plagued the region at the time, such as skyrocketing housing costs, traffic congestion, and high levels of air and water pollution.

At a lower end of the skill spectrum, ICT investment reduces the labor input of routine manual and cognitive tasks that can be accomplished by following explicit rules and can be offshored to lower-wage countries. 148 Recent evidence suggests that in spite of the growth of outsourcing and offshoring of production tasks, the demand for skilled workers remains strong in the US labor market, supporting the two processes described above. 149 This makes the labor market structure more skill-intensive and raises the productivity level in the US with ripple effects through the supply chain.

The ratio of non-production wages to production wages rose at an average of 4 percent in these countries during the 1980s. 128 Along with the faster rise of skilled worker wages, advanced economies also witnessed large reductions in the employment of less-skilled workers, which caused an increase in the share of skilled workers in industries producing exportable goods. For instance, since the 1970s, manufacturing industries in the US and the UK have shed a large number of less-skilled workers who worked on shop floors undertaking tasks such as fabricating, processing, assembling, and inspecting.

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