As a major regional economic development factor, the knowledge industry plays a critical role. The location of KIBS has a number of unique features, including low logistics costs, a large need for face-to-face communications, and easy transmission of intermediate products. As such, the location of knowledge industry centers is expected to undergo dramatic changes in the coming years, as our society transitions into a post-industrial society. This study provides insights into these changes in the location of KIBS centers, and its implications for regional economic development.
In the U.S., only a few studies have explored the location determinants of knowledge industries. Florida6 and Saxenian5 examined the causal relationships between social environment and location of high-tech enterprises. Their results show that KIBS location is influenced by a city’s geographical distribution of talent and tolerance. Although no conclusive causal relationships were identified, this study is the first to investigate the mechanisms of KIBS location at the intra-metropolitan level.
Based on these studies, the knowledge industry now accounts for 29 percent of the nation’s gross national product. Until 1991, manufacturing workers comprised a smaller portion of the labor force. In the U.S., the proportion of workers involved in the knowledge economy increased from 11 percent to 32 percent. The growth of this industry can be attributed to its significant role in the regional economy. If you’re interested in learning more about the evolution of the knowledge economy, consider a book on knowledge industry distribution.
Knowledge-based service is a key component of knowledge marketing. This is the process by which companies share their product knowledge with consumers. Knowledge-based service is a growing field, but it began in the field of medicine in China. The concept eventually spread to corporate marketing, library science, and informatics. Knowledge-based service is a model of service that leverages technology to capture and reuse knowledge. Knowledge-based service has several important advantages.