11 the role of knowledge in economic growth gunnar eliasson1 1 introduction opening up the knowledge box figure 1 sets the stage for our discussion the kink of the curve ...
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...The role of knowledge in economic growth gunnar eliasson introduction opening up box figure sets stage for our discussion kink curve signifies onset an important historical process commonly called industrial revolution around that a number events took place first all and probably most c production system sweden now industrialized mature economies was thoroughly deregulated by rapid removal craft parallel to this however significant investments public schooling were initiated also third at time new technology based on invention increased sophistication machine tools since second half th century england rapidly being introduced among allowing fundamental reorganization great opportunities created but even though large extent internationally available only handful countries made it onto faster track under social disruption effort local ability put use receiver competence mattered until recently diminishing income inequality could be observed industrializing as people left agriculture hand...