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A key characteristic of a knowledge economy is the shift from an economy dominated by tangible assets to one that is based on intangible, knowledge-based assets, which consist primarily of human capital and innovation. The success of a regional knowledge economy is, in turn, measured by its ability to attract and retain companies that focus on the production, dissemination and application of knowledge,...
Indonesia has recognized the importance of entrepreneurship and innovation as engine for growth. Many of the still small numbers of entrepreneurs have been identified as necessity entrepreneurs, who undertake little or no innovation. Global Entrepreneurship Monitor (GEM) has studied that necessity entrepreneurship contribute marginally to economic development, while opportunity entrepreneurship contribute...
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