From human capital to knowledge assets: how regions create competitiveness

Global regions are increasing efforts to create knowledge-based industries and knowledge work. While in the information economy, the focus was on training workers in information technology-related skills. The knowledge economy shifts an emphasis on skills that encourage innovation. The rationale behind this focus on innovation is that the information economy is driven by computer-related industries where work is geared towards the production and distribution of technologies. The knowledge economy however leverages these technologies for other uses as well as the creation of new technologies. This applies to all industries, and not just the core information technology industries.