Economic implications of alternative scholarly publishing models : exploring the costs and benefits. JISC EI-ASPM Project. A report to the Joint Information Systems Committee (JISC) | Semantic Scholar

"A knowledge economy has been defined as: “…one in which the generation and exploitation of knowledge has come to play the predominant part in the creation of wealth. It is not simply about pushing back the frontiers of knowledge; it is also about the more effective use and exploitation of all types of knowledge in all manner of economic activities” (DTI 1998). In a knowledge economy, innovation and the capacity of the system to create and disseminate the latest scientific and technical information are important determinants of prosperity (David and Foray 1995; OECD 1997). Scholarly publishing plays a key role, as it is central to the efficiency of research and to the dissemination of research findings and diffusion of scientific and technical knowledge. But, advances in information and communication technologies are disrupting traditional models of scholarly publishing, radically changing our capacity to reproduce, distribute, control, and publish information. The key question is whether there are new opportunities and new models for scholarly publishing that would better serve researchers and better communicate and disseminate research findings (OECD 2005, p14)."