DIFFICULTIES IN FORMING A KNOWLEDGE-BASED ECONOMY
Journal Title: Globalization and Business - Year 2018, Vol 6, Issue 6
Abstract
In scientific literature there is no defining explanation and no relevant theoretical model of knowledge and information. Consequently, the definition of the knowledge economy is very eclectic and vague. As a result of the research, we have presented the definition and the general schematic model of knowledge and information. Knowledge is a product that is hard to define due to its nature, which makes it difficult to determine its value. It is natural when it is difficult to determine the value of the knowledge as a product it is actually impossible to commercialize it. There is also no adequate statistical mechanism for assessing the knowledge economy. The issue has been insufficiently studied scientifically both in theoretical and quantitative parameters’ point of view. All these and other factors complicate the formation of a knowledge-based economy in developed countries. As for developing countries, in the best case there are only discussions on these issues.
Authors and Affiliations
TAMAR DOLIDZE
Keywords
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