Over the last decade innovation has been rapidly becoming a key driver to economic growth and job creation (Global Innovation Index report, 2011).
We are observing a growing trend in developing national policies and government initiatives to build knowledge-intensive economies. There have been an emergence of indicators and measures of knowledge economy, e.g. Knowledge Economy Index produced by the World Bank, Global Competitiveness Index developed by the World Economic Forum, all of which featuring innovation and technology adoption levels.
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