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The share in poor countries is much smaller.Citing many examples, from Amazon to GE, Mr Chesbrough shows how even stodgy industries like steel and industrial machinery are becoming knowledge industries.
These days, knowledge industries such as computer software and engineering are more carefully watched.
Another problem is that it includes many unskilled workers who work in knowledge industries.
We need a different kind of metrics for measuring how information flows through the new knowledge industries.
But these forces also increased the return to the city's knowledge industries, like fashion, media and finance.
It went on to reap the economic benefits of an excellent higher-education system and the knowledge industries this spawned.
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Last month, the state of Tamil Nadu announced it was reserving 85 acres of land for Wipro on its planned "Knowledge Industry Township" on the outskirts of Chennai.
Like most successful entrepreneurial ecosystems, however, it has emerged from the bottom up, propelled by market forces.Peruvian cooking is a "knowledge industry" based on cultural fusion.
In the book, published in 1963, he wrote, "What the railroads did for the second half of the last century and the automobile for the first half of this century may be done for the second half of this century by the knowledge industry".
It is not just a question of a falling oil price (which has just hit a ten-year low) or the fact that even J.R. Ewing would find it hard to claim that oil is a knowledge industry.
The barriers are categorised into five groups: economic, skills and knowledge, industry, legislative and cultural.
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