Taking counsel: On the draft Estonian Development Fund Act

Jul 12, 2006
by Inga Murula

The international competitiveness of states, the result of which is economic growth, is immediately interdependent on the proportion of technology-based undertakings and sectors in the broader economic structure. A knowledge-based economy is characterized by a dominant number of knowledge-oriented jobs and an accelerated growth in welfare. This is the predominant reason behind states' efforts in recent times to shift their economies to a knowledge-based model.A knowledge-based economy needs wise ...

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