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The Knowledge-Based Economy: Trends And Implications

Author

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  • Maria-Cristina ÅžTEFAN
  • Corneliu ÅžTEFAN

Abstract

The economies of the developed countries are increasingly based on knowledge and information. Knowledge is now recognised as the driver of productivity and economic growth, leading to a new focus on the role of information, technology and learning in economic performance. The term knowledge-based economy stems from this fuller recognition of the place of knowledge and technology in modern economies. This analysis is increasingly directed to understanding the dynamics of the knowledge-based economy and its relationship to traditional economics, as reflected in new growth theory. The growing codification of knowledge and its transmission through communications and computer networks has led to the emerging information society.

Suggested Citation

  • Maria-Cristina ÅžTEFAN & Corneliu ÅžTEFAN, 2007. "The Knowledge-Based Economy: Trends And Implications," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(9), pages 1-22.
    • Handle: RePEc:alu:journl:v:2:y:2007:i:9:p:22
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    knowledge; knowledge based economy; traditional economy;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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