of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … accumulation, investment, and upgrading of knowledge and (ii) the implementation of mechanisms that enable knowledge to be … exploited such that growth and societal prosperity are encouraged. Knowledge is a necessary but far from sufficient condition …

with global, national, regional and local knowledge and innovation dynamics. In the text, we stress the importance to … understand the current changes of the global and their implications for knowledge generation and innovation. Treating knowledge … as a key resource for innovation shifts the focus from the innovation itself to the process of knowledge generation …

and local knowledge and innovation dynamics. In particular, we highlight how the global scene is changing in the … contemporary world economy that we char-acterize as a knowledge economy. We show how knowledge and knowledge dynamics is driving … innovation in the large urban agglomerations in the old and in new industrialized countries with their concentrations of …

and drivers of innovation, technology and knowledge. The role of absorptive capacity and knowledge flows between economic … multinationals contribute to innovation, technology and knowledge dispersion. The distribution of knowledge investments is uneven …This paper outlines a set of fundamental changes in the global economy that have altered the nature of the innovation …

), and different forms of trust (knowledge-based trust, social trust, trust towards public services and political …

substan-tial net advantages of agglomeration have more to do with broad knowledge and diversity than with regional clustering …