The CPE literature suggests that the emergence of the knowledge economy in the 1990s resulted from the consolidation of several intertwined phenomena, situated at the intersection of ongoing and new developments. A prime example of this nexus can be observed in the diffusion of Information and Communication Technologies (ICT) and the deindustrialisation of advanced economies, which form the foundational components of the knowledge economy (Hall, 2020; Wren, 2013, 2021). While deindustrialisation and the diffusion of ICT flourished during the 1990s in advanced economies, these developments predate the knowledge economy, as evidenced by their presence in the 1950s and 1960s in the US (Powell & Snellman, 2004; Rodrik, 2016).