Economy

Download Embracing the Knowledge Economy: The Dynamic Transformation by Gerd Schienstock PDF

By Gerd Schienstock

Globalization, new applied sciences and evolving organizational and administration versions pose an important problem to industrialized international locations. rather than counting on the normal techno-organizational paradigm, they've got needed to look for new improvement paths to make sure extra development and social welfare. Finland is among the few international locations that has been capable of meet this problem effectively and, as such, could be considered as a version case examine from which different nations can how to deal with this basic transition procedure. In an astonishingly brief time period, Finland has constructed into one of many world's top wisdom societies while keeping a finished welfare kingdom. The booklet strains this speedy transformation from a resource-based to a knowledge-based society. The authors describe the country's strengths and weaknesses within the new economic climate and show how Finland has been capable of catch-up with the prime business nations by means of exploiting new techno-organizational possibilities. specialists from various fields offer wealthy empirical fabric on Finnish industries, companies, areas and associations, and the function they've got performed within the transformation strategy. The ebook additionally information the enterprise and monetary restructuring which was once required, and explores new developments within the country's technology, know-how and innovation coverage. Embracing the information financial system bargains a finished appraisal of the administration of Finland's transition to a data society. company managers, policymakers and students within the fields of institutional economics, innovation administration and political technological know-how will welcome this coherent description of Finland's profitable look for a brand new improvement course.

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Extra info for Embracing the Knowledge Economy: The Dynamic Transformation of the Finnish Innovation System (New Horizons in the Economics of Innovation)

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Kickert, Erik H. M. Koppenjan (eds), Managing Complex Networks. Strategies for the Public Sector, London, Thousand Oaks, CA and New Delhi: Sage, pp. 35–61. Klijn, Eric H. M. Kickert, Eric H. M. Koppenjan (eds), Managing Complex Networks: Strategies for the Public Sector, London, Thousand Oaks, CA and New Delhi: Sage, pp. 14–34. Kogut, B. (1991), ‘Country Capabilities and the Permeability of Borders, Strategic Management Journal, Special Issue 1–3 (12), 33–47. , P. Rouvinen and P. Ylä-Anttila (2002), ‘ICT Clusters in Europe: The Great Central Banana and Small Nordic Potato’, Information Economics and Policy, 14 (2), 145–65.

The overall competitiveness index is an average of seven competitiveness factors in the new economic paradigm, shown below. These factors were synthesized from the vast competitiveness and growth literature in economics, strategy, management and innovation (see Schienstock and Hämäläinen 2001). 1. New productive resources (venture capital, human capital, scientific knowledge, ICT infrastructure); 2. New technologies (R&D inputs, innovations, adoption of ICTs); 3. New organizational arrangements (allocative, technical, co-ordination and dynamic efficiencies); 4.

This means that while the significance of technological macro-economic management may decrease, the role of the state in the process of path formation remains strong (Hirst and Thompson 1992). The new role of the state can be described as a catalyst for innovation processes, a supporter of ongoing research and innovation activities, a facilitator of cooperation in research and innovation processes, a moderator of diverging interests, an organizer of a dialogue between various economic actors on future developments and as an initiator of questions and new tasks (Schienstock 1994).

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