Knowledge management, intellectual capital, structural holes, economic complexity and national prosperity

Abstract

Purpose The purpose of this paper is to tie together the insights from the body of research relating to economic complexity theory, structural holes, non-price based competition, and knowledge management. The insights relating to generating national prosperity are synthesised through an intellectual capital lens. Design/methodology/approach The paper uses literature review combined with insights from an Australian project on state-based economic complexity. Findings The connectivist and autopoietic epistemological paradigms are found to be most aligned with the need to manage transformation between organisational and human resources that will achieve causal ambiguity and hence inimitability. This inimitability forms the basis for achieving non-price based competition and if there is a rich network of economic agents that, both individually and collectively through collaboration, have these characteristics a large share of the economy can operate on the basis of non-priced based competition. If all these agents have an export focus the economic complexity of the economy will be high, and likely increasing, which will enable both the creation and the appropriation of large amounts of value and hence result in increasing national prosperity. Research limitations/implications Findings are only relevant for OECD countries given the origins of the data used. Practical implications Managerial implications are outlined as are major implications for public policy. Originality/value This is the first time that these concepts are linked.