Rural America’s Emerging Knowledge Economy

Knowledge has become the new premium fuel for economic growth in the 21st century. Knowledge fuels new ideas and innovations to boost productivity and creates new products, new firms, new jobs, and new wealth.

Some analysts estimate that knowledge-based activity accounts for half of the gross domestic product in western industrialized countries. In the United States, knowledge-based industries are pacing economic growth.

Full Report from the Federal Reserve Bank of Kansas City: http://www.kansascityfed.org/RuralCenter/mainstreet/MSE_0505.pdf