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Essay / Research Paper Abstract
This 16 page paper considers to what extent Britain has achieved the transition to a 'new knowledge-based economy' over the last decade? the paper identifies the essential features of the new economy and evaluates the evidence that Britain has experienced a '2nd industrial revolution' over recent years as a result of the relative decline in importance of production industries and the growth of industries associated with the provision of services and 'knowledge based' products and processes. The bibliography cites 14 sources.
Page Count:
16 pages (~225 words per page)
File: TS14_TEknowe1.rtf
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Unformatted sample text from the term paper:
even countries. In areas where there are new competitive advantages required to support or expand an economy knowledge may be a route, as it does not require natural resources and
has few geographical barriers. In countries of the west, and now some in Asia, where manufacturing and production industries are suffering, due to increased competition form countries which are able
to compete on price, knowledge based economies appear to be an attractive option. This option requires a certain level of infrastructure, technical competences, education for employees and financial resources. This
makes the option one that has fewer Barriers for companies in develop countries. It is for this reason, and the way that the demand for knowledge is predicated at increasing.
It is for this reason that several governments, including that of the UK