n Latin American Report - Measuring innovation in emerging economies : South Africa and Brazil : news and information




It has become commonplace to regard the modern economy as being, more than ever before, dependent on knowledge. '[I]n modern economies knowledge plays a crucial role in the economic process ("knowledge economies'')' (Anlló 2001:1). 'Economic competitiveness is ever more linked to rapid technological changes and increasing numbers of firms are centring their business on the development of new knowledge-based technology offerings (products and services). The strategic management of knowledge-based technology assets has therefore become crucial in gaining competitive advantage' (Verhaeghe-Colegrin and Kfir 2001:1).


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