The aim of this chapter is to explore some of the issues and to underline the main aspects that have been focussed upon in the PILOT project. We begin the chapter with consideration of why so much academic and policy attention has been paid, in our view disproportionately, to high-tech...

It is often argued that high tech industries drive growth processes, and that they are the sources of growth in output, employment and productivity in the knowledge economy. This is a special case of a more general argument that economic growth is characterized by the creation of new and the...

This paper addresses a central problem for economic analysis and public policy in Europe. Should Europe focus on so-called high-technology or science-based industries in attempting to solve growth and employment problems? Or should it look to the growth prospects within the industries on which...