Focusing on the dynamics of the knowledge economy, this volume provides an overview of the knowledge creation capabilities of economies, an examination of their growth performance and a detailed analysis of how the creation and connection of knowledge is becoming the key means of growing productivity. Huggins and Izushi introduce the concepts of network capital and knowledge communities to explain and understand how knowledge is connected and transferred across firms, organizations and economies, whilst taking issue with accepted concepts of business clusters, social capital and endogenous growth theory. This book demonstrates how the knowledge economy has fundamentally shifted the way in which the values of both firms and economies are measured and points to the way in which the knowledge race has become global due to increasing parts of the developing world being integrated with the developed world through international trade and investment. This book will interest students and researchers engaged with the knowledge economy, management and economic geography, as well as managers and public policy makers interested in competitiveness and economic development.