To sum, in the new era of growth with knowledge, skills and technology as engines, without knowledge workers it will be extremely difficult to shift the production frontier of any  4  BIS central bankers’ speeches  economy.
7  R Hausmann, D Rodrik & A Velasco (2005) In: N Serra & J Stiglitz (Eds) The Washington Consensus Reconsidered: Towards a New Global Governance, Chapter 15: 324–355; D Rodrik (2005) Growth strategies. In: P Aghion & SN Durlauf (Eds) Handbook of economic growth, Volume 1, Part A, Chapter 14: 967–1014.