globalization. It shows how the generation and circulation of intellectual capital in the US and India in ICT have led to greater … productivity in the US while facilitating the economic development of India. Most industrialized nations now see the vast … intellectual capital-based services that India provides at extremely competitive rates as key to their own national competitiveness …

innovation. Agents accumulate knowledge through two activities: innovation (discovering new technologies) and exploitation …

discovery and in the diffusion of a technological principle and their profit flow depends on how many firms adopt the innovation …