The power of knowledge sharing

One commonly cited antidote for UK manufacturers against the effects of outsourcing is to innovate and increase the rate of technology transfer. Government policy supports this approach through the creation of knowledge economy - designed to promote the generation of high value-add knowledge, technology and associated skills. Attention is focused on the generation side of the knowledge economy, but without associated swift application, these policies are most likely to fail. This paper discusses the barriers which have to be broached by the UK manufacturing sector in order to gain the benefits of technology transfer.