Knowledge-intensive service economy

To advance business expertise, the nation s structural transition to a knowledge-intensive service economy needs to be supported by a deepened understanding of how service systems and networks support and interact with manufacturing and other more traditional activities. In fact, in today s global economy, the service sector provides the bulk of employment in high-wage economies. 

Higher Education in a Knowledge-Intensive Service Economy... 

The directional roadmap for R D investment in a global, knowledge-intensive service economies is aimed at building collaborative innovation capacity throughout the ecosystem of entities that participate in the open marketplace. 

The knowledge-intensity of many segments is growing as government, industry and universities invest to develop the workforce of the future. Even many sales jobs require a certain degree of technical skill in a knowledge-intensive service economy. 

New knowledge is the fuel that invigorates professions and transforms national infrastructures, both technological and institutional. R D investment increases the knowledge intensity of the global service economy. Effective R D investment is... 

The first oil boom (1973-1986) witnessed two key types of megaprojects for diversification which have remained the models today. The first of these, resource-based industriahzation, represents a sensible strategy for an oil-rich and labor-deficient economy. Petrochemical, plastic and aluminum complexes are capital-and resource-intensive, but require few workers (Auty, 1988). Prominent early examples of these include Jubail and Yanbu in Saudi Arabia (1975), Saudi Arabia Basic Industries Corporation (1977), Dubai Aluminum (1975), and Bahrain Aluminum and Steel (1985). The second includes service, and more reeently, knowledge-based activities. Prominent early examples include Bahrain as an offshore banking center (1975), and Dubai s Jebel Ali Port (1975) and Free Zone (1985) (Fasano, 2003). 

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