Knowledge revolution and knowledge economy: An increasing volume of knowledge is being produced around the globe. This knowledge is giving rise to more knowledge assets in the form of patents, trademarks, and utility models, which are then used to earn income: In 2009, revenue generated from applied innovation activities and trading in intellectual property rights amounted to more than USD 180 bn worldwide, a figure that has doubled since 2000. Production of knowledge as a resource gathers pace: Expenditure on education and research is rising sharply, especially in emerging markets; student numbers are also on the increase – particularly those who are internationally mobile and who now total approximately 2.2 m worldwide.
Growth from knowledge and knowledge assets: Regions and businesses can achieve qualitative growth if they support pioneers, continue to refine a range of partnership and collaboration strategies, and develop their own profile. Strategic specialization in the knowledge economy based on an integrated policy covering structure, external trade, education, and research, together with the development of institutional and financial platforms helps to facilitate more collaboration, thereby generating further knowledge assets.