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Finally, we use sectoral case studies to show how so-called high tech knowledge is used in specific long-established industries.
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I fully concur that high-tech knowledge is needed to sustain an advanced industrial economy.
These two industries were chosen for their similarities in their identified desirability at the European level, their high-tech knowledge base, and start-up firm base.
Government policy-makers have added to this failure by not recognizing that long-term careers are key to the creation of a world-leading high-tech knowledge base, the subject of our second paper for INET's Distribution project.
But research on investment in the high-tech knowledge base that I have done for INET's Political Economy of Distribution series with Matt Hopkins demonstrates that the problem is not a lack of R&D spending, either by government or business.
Rather we argue that, with the rise of the New Economy business model, the main problem is the failure of U.S. high-tech corporations to invest in the "collective and cumulative careers" which you need if you want R&D spending to result in more high-tech knowledge.
Officials in all three countries talk about shifting the emphasis to high-tech, "knowledge-based" industries.
So we need to invest in a high-tech, knowledge-intensive economy - where it's all about the "value added" - if we're going to compete in the 21st Century.
In a Viewpoint article, Imran Khan, director of the Campaign for Science and Engineering (Case) explains why he thinks Britain should invest in a high-tech, "knowledge-intensive" economy if it is to remain competitive in the 21st Century.
Many students have good knowledge and some high tech skills, but they lack common knowledge and skills that would help them deal with their daily duties.
Martin said the large reduction in commonwealth support for programs such as engineering was "difficult to understand given the government's public support for the idea that our economic future will depend on high tech industries and a knowledge economy".
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