Watson, Matthew (2001) Embedding the 'new economy' in Europe : a study in the institutional specificities of knowledge-based growth. Economy and Society, Vol.30 (No.4). pp. 504-523. doi:10.1080/03085140120089072 ISSN 0308-5147.

Preview

PDF WRAP_Watson_es(neweconomy).pdf - Requires a PDF viewer. Download (130Kb)

Request Changes to record.

Abstract

Aspirations for a 'new economy' currently feature prominently in the economic policy debate within the EU. So pronounced is elite interest in the 'new economy' that the issue of knowledge-based growth dominated the Special European Council organized for Lisbon in May 2000. However, the Presidential Conclusions to that Council failed to address the question of whether the European economy is institutionally compatible with knowledge-based growth. The 'new economy' is currently most developed within the United States, and the institutional specificities of the American high-tech sector suggest that it may be impossible simply to import the 'new economy' into Europe. The EU may lack both the labour market and the capital market conditions necessary for successfully embedding the 'new economy' in Europe.

Item Type:	Journal Article
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Social Sciences > Politics and International Studies
Library of Congress Subject Headings (LCSH):	Intellectual capital, Knowledge management, Human capital, United States -- Economic conditions, European Union countries -- Economic conditions
Journal or Publication Title:	Economy and Society
Publisher:	Routledge
ISSN:	0308-5147
Official Date:	November 2001
Dates:	Date Event November 2001 Published
Volume:	Vol.30
Number:	No.4
Page Range:	pp. 504-523
DOI:	10.1080/03085140120089072
Status:	Peer Reviewed
Access rights to Published version:	Open Access (Creative Commons)

Request changes or add full text files to a record

Repository staff actions (login required)

View Item

Downloads