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Overview
International contributors provide the first examination of the growing subject of regional knowledge-economy development.
Illustrated by data and 'stylized' accounts, the international contributors chart the evolution of knowledge economies, questioning the way in which they work and criticize accepted theories and inform how places can cope in the knowledge economy.
Based in concept on Cooke's Knowledge Economies (Routledge, 2002), Regional Development in the Knowledge Economy is a well-grounded work exploring this increasingly important theme with relevance to innovation systems and related economic development literature.
Synopsis
Regional Development in the Knowledge Economy examines the concept "Knowledge Economy" in the context of "Regional Development" and proposes to see the interaction between these two forces being worked out as processes and policies.
The international contributions examine a number of theoretical approaches that aim to explain contemporary regional development processes from a knowledge perspective. It draws on empirical material where relevant. Narratives are illustrated as appropriate by data or "stylised" accounts.
The conceptual basis for this book was worked out in Cooke's Knowledge Economies Routledge, (2002) and rests on the idea of value creation from the interaction of knowledge upon knowledge. This applies clearly in science-based or creative industries but also in established industry that applies more scientific or creative knowledge as a matter of course, but with frequent barriers among "communities of practice." Otherwise termed "epistemic communities" these are professional and practitioner groups that must reduce cognitive dissonance to build up interactive innovation capabilities and it is being discovered that this is less intractable at regional level where social capital may be high, thus firm inter-domain professional networks form. Policies both to build and take advantage of these capabilities will be discussed and assessed.