This volume, which is the fourth in the series, and asks the questions:

• What is the role of research and development (R&D) expenditure on productivity improvements? Are the macro-level benefits different from those at the firm level? What is role of public expenditure on R&D?
• What are the elements of a KBE, and how can they be quantified and evaluated?
• What role do innovative business strategies play in the development of a KBE?
• Are such business strategies necessary to realise the full value of information and communication technology (ICT) investments? 

• Foreword
• Chapter 1: The Drivers of the New Economy in APEC: Innovation and Organizaitonal Principles
• Chapter 2: Economic Contributions of Research and Development in Singapore
• Chapter 3: Mapping Singapore’s Knowledge-Based Economy
• Chapter 4: Innovative Business Strategies and Firm Performance in the New Economy
• Acronyms