The knowledge economy and the social economy

Abstract

Posits that most contemporary interest in the university‐industry linkages stems from a concern to increase the birth rate of new technology‐based firms and/or the velocity with which indigenous scientific capability is translated into commercial technologies. Notes that many analysts of science parks and silicon valleys argue that this kind of knowledge‐based innovation requires cosmopolitan economic and social milieux with good communication links, easy access to air transport, highly educated workers and sophisticated cultural amenities. Argues that on the receiving end of contemporary innovation systems are indigenous and other disempowered groups and economically depleted communities with little stake in scientific and technical advancement and virtually no involvement in the policy or social networks set up to steer the knowledge system. Describes an experiment to discover processes by which marginalized, economically distressed communities can use institutions of the “knowledge economy” to foster the social and technological innovation necessary for their survival. Joins the University College of Cape Breton with universities in Mexico to form structured relationships with communities on Cape Breton Island and with a Mayan community on the Yucatán Peninsula. Bases techniques on searching for economic opportunities, construction of community business organizations, training, community development and supportive aftercare services to provide the three components of community economic regeneration: finance, technology and formation. Works to find ways to use the dynamics of triple helix innovation to construct knowledge systems that work in favour of the peripheral communities threatened by trade liberalization and the decline of resource regions. Specifically asks how can the institutions of the “knowledge economy” contribute to the development of a local sub‐economy that supports local businesses? Employs a social economy approach to the establishment of community businesses, differing from others in the community business movement in the belief that the “knowledge economy” can provide resources and eventual economic and social survivability to distressed regions. Argues that economic regeneration among marginal groups requires: access to improved production and organizational technologies; that universities can provide this access, especially in distressed communities; a transfer system usually has to be established; specific steps must be taken to establish new community businesses; and a maintenance system with specific characteristics must be established.

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