... theknowledge economy.Systems of creation, production and distributionThe commonly held notion that a knowledge economy is a services economy isdangerously misleading. As information and knowledge ... expansion into major markets now requiresoutward investment as well as exports.• Global production is bringing a new global rationalisation of production,coordination, combination and accumulation ... specialisation do not always fit with the law of comparativeadvantage. Traditional explanations of international trade and the location of productionno longer hold.Moreover, globalisation is a...