Saudi Arabia: Experts expect the 2011 budget to be the largest in the history of the Kingdom because of the rise in oil prices, which is expected to reach $100 per barrel. They attributed the rise in oil prices to increased consumption in China and the United States, the severe cold weather in Europe and the fall in the exchange rate of the US dollar. … They stressed the importance of protecting inventions and converting this into an industry, as part of the country’s development towards the knowledge economy. Whole article at the saudi
Sri Lanka: The major proportion of the world’s IT spending for 2011 will be acquired by emerging countries around the world. Sri Lanka, being an attractive destination for service investments in the world will play an enabling role in its journey towards the knowledge economy while gaining a considerable share of IT spending in the world. The Sri Lanka Association for Software and Services Companies (SLASSCOM) General Secretary Madu Ratnayake said Sri Lanka needs to build niche focus on a few core areas in the competitive IT and BPO industries. Whole article at Daily News
What can universities from developed countries offer to support technology entrepreneurship (TE) in emerging markets? Universities are an integral species of the knowledge economy, both globally and locally. They provide the intellectual resources – patents, know-how, inventors at the cutting edge of their field – on which entrepreneurs can capitalize. Perhaps more importantly in this context, major research universities are the nerve centers of larger TE ecosystems: inventors, entrepreneurs, business students, investors, government, foundations and industry. And they have a diverse, deeply networked international body of faculty, students, alums and their networks eager and willing to make a positive global impact. Whole article at InnovationManagement