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Global Knowledge Flows and Economic Development

image of Global Knowledge Flows and Economic Development

Global knowledge flows are becoming a key driver of economic development.  How can countries develop effective policies to reap benefits? This report aims to answer this question and highlights these key areas: promoting cross-border alliances involving firms and universities; simulating knowledge transfers from foreign direct investment ventures; attracting highly-skilled workers from overseas and creating vibrant innovation systems.  This book, published in collaboration with Scottish Enterprise, is for policy makers, practitioners and academics.

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The Innovation Solution: Some Lessons from Scotland, Theory and Canadian Cities

This chapter argues that cities and regions should follow strategies of “constructed advantage” to engage with the global knowledge economy. Constructed advantage strategies involve i) attraction and retention of talent – requiring business development opportunities, risk capital availability and market access as well as quality of life, ii) attraction of investment – requiring access to smart people, infrastructure, funds, technologies, markets and a complementary regulatory regime, and iii) appropriate public policy – requiring leadership and collaborations from all stakeholders. Examples are given from Canadian cities.

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