As we stand on the brink of the new millennium, MIT economist Lester Thurow addresses the critical issue of wealth creation. The result is an essential road map for how individuals, companies, and nations can and must build wealth in a knowledge-based global economy.There is no doubt that we are in the middle of a transition to a knowledge-based economy; breakthrough technologies in microelectronics, biotechnology, new materials, telecommunications, robotics, and computers are fundamentally changing the game of creating wealth. Thanks to the impact of these technologies, new industries (software, gene therapy) are growing explosively and existing industries (banking, retail) are being transformed beyond recognition.Out of these transformations, a new global economy is emerging to replace existing national economies.
