"Global and Local Knowledge" provides insight into the emerging global 'knowledge village' dialectic. Perspectives from different parts of the world are presented to produce a new world view on how specialized knowledge can serve as the unit of reference for stocks and flows of a hybrid public/private, tacit/codified, tangible/virtual good that represents the building block of the knowledge economy. This book profiles both US and EU perspectives on collaboration, and provides valuable insight for public sector policy makers and private sector practitioners.