THE ROLE OF KNOWLEDGE IN THE MODERN ECONOMY

Abstract

The use of individual and collective knowledge in the modern world is becoming the main condition for the formation of the modern economy. The main goal of the article is to summarize the approach to the definition of «economy, based on knowledge» and its specific characteristics. The approaches of different scientists to the categories of «economy of knowledge» and «knowledge economy» are investigated. The specific features of «economy of knowledge» are summarized. The functions of knowledge in the new format economy are considered. Recommendations for further developments in the study of essence and characteristics of «knowledge economy» are formulated.

Authors and Affiliations

Yevhen Shtoka

Keywords

Related Articles

Issues of strategic planning introduction at domestic enterprises in volatile environment

The essence of “strategy” definition is investigated in the article. The approaches of domestic and foreign scholars to the interpretation of this term are considered and it is determined that there is no strictly concep...

CROSS-CULTURAL MANAGEMENT AND PERSONNEL MANAGEMENT AS COMPONENTS OF STRATEGIC MANAGEMENT SYSTEM

The approaches of foreign and domestic scientists to the definition of significance and place of organizational culture, cross-cultural management and personnel management in the strategic management system in achieving...

STAGES OF SMALL ENTERPRISE LIFE CYCLE: CHARACTERISTICS AND SPECIFICITY OF MANAGEMENT DECISION MAKING

The article analyzes the scientific approaches to determining the essence of «enterprise life cycle» concept. The inconsistency of approaches that consider of an enterprise life cycle as a specific temporary period for o...

METHODOLOGICAL FOUNDATIONS OF THEORETICAL ANALYSIS OF CHINESE ECONOMIC DEVELOPMENT MODEL

The article substantiates that when commodity-capitalist relations of production are deliberately used by society for development of productive forces, they objectively act as productive forces of society while maintaini...

ANALYSIS OF DYNAMICS OF THE MAIN INDICATORS OF ECONOMIC DEVELOPMENT OF ODESSA REGION

The article performs quantitative analysis and dynamics forecast of the main indicators of economic development of Odessa region, based on the methodology developed by the authors. In this technique, the prediction metho...

Download PDF file
  • EP ID EP175082
  • DOI -
  • Views 69
  • Downloads 0

How To Cite

Yevhen Shtoka (2016). THE ROLE OF KNOWLEDGE IN THE MODERN ECONOMY. Вісник соціально-економічних досліджень, 2(61), 127-135. https://europub.co.uk/articles/-A-175082