The need to advance in the understanding of the processes associated with knowledge creation and diffusion is becoming critical for policy‐making and for management. This understanding was emphasized during the First International Conference on Technology, Policy and Innovation, based on which a research agenda is developed to inform policy‐making and management decisions in the emerging knowledge‐based economy. Three main directions for research are proposed: the development of a better conceptual understanding of the mechanisms that make knowledge so relevant nowadays; the construction of indicators associated with the immaterial aspects of the knowledge‐based economy; and the study of the opportunities and threats faced by developing nations.
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Conceição et al. (1997) studied this question.
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