This original and instructive new book defines and explores the concept of knowledge as the talent, skills, know-how and understanding embodied in individuals. The distinguished contributors advance the current research frontier in three novel directions which focus on: the role of human capital and talent for creativity, entrepreneurship and regional development; the role of institutions for the behavior of firms and entrepreneurs; and the influence of the global context on the location, export and innovation behavior of firms in a knowledge economy.

They also address critical questions that underpin the emerging knowledge economy:

• Why does human capital and talent tend to agglomerate in large urban regions?
• How does this agglomeration affect the location of different types of economic activities?
• How does this agglomeration affect regional growth?

Presenting the state of the art in the field of knowledge economics, this book will prove a stimulating and challenging read for scholars and researchers with an interest in economics, business and management, and regional and urban studies.