Knowledge, Knowledge ... Knowledge for My Economy. Richard B. Freeman, November 2014, Paper. "The creation and application of scientific and technological (S&T) knowledge is arguably the “one ring that rules them all” in modern economies (Freeman, 2014). It is hard to imagine anything contributing more to the trend rise in living standards and longer and healthier lives than advances in S&T knowledge and its application to the production of goods and services. Once viewed as the exclusive province of advanced countries, the creation of S&T knowledge and development of S&T based business innovations has spread to developing countries..."  Link