Monday, May 13, 2013

The United States continues to invest heavily in knowledge-based capital

The growing awareness that knowledge-based capital (KBC) is driving economic growth is prevalent in today’s global marketplace. KBC includes a broad range of intangible assets, like research, data, software and design skills, which capture or express human ingenuity. The creation and application of knowledge is especially critical to the ability of firms and organisations to develop in a competitive global economy and to create high-wage employment.
Knowledge is Growth (OECD STI Directorate)

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