Globalization: The Product of a Knowledge-Based Economy

Abstract

The shift to an era of man-made brain-power industries is creating the technologies that are creating a global economy. Leaving behind the role of regulator or the function of controlling their national economies, governments are becoming platform builders that invest in infrastructure, education, and research and development to allow their citizens to have the opportunity to earn world-class standards of living. Countries themselves are being put into play, and inequality is rising. The rest of the world sees an invasion of the American system, but in reality, it is a brand-new global system. Intellectual property rights become a central and contentious unresolved issue.