Knowledge based economy
Glasgow City Development Plan, Published by Glasgow City Council in 2016, defines a knowledge based economy as: ‘An expression used to describe trends in advanced economies towards greater dependence on knowledge, information and high skill levels, and the increasing need for ready access to all of these by the business and public sectors.’
The glossary of statistical terms, published by the Organisation for Economic Co-operation and Development (OECD), defines a knowledge-based economy as: ‘…an expression coined to describe trends in advanced economies towards greater dependence on knowledge, information and high skill levels, and the increasing need for ready access to all of these by the business and public sectors.’
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