The term “knowledge economy” conjures up images of Silicon Valley, hi-tech start-ups and people tweeting from Wi-Fi-enabled cafes. But those are just some aspects of a concept that covers a wide range of activities that foster growth through innovation. The knowledge economy can be defined as one marked by technological dynamism, including in those sectors not always associated with cutting edge innovation, such as agribusiness or heavy industry. In order to thrive, the knowledge economy relies on an adequate institutional framework, good education, strong communications infrastructure and a supportive financing environment.
