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The Knowledge Economy

Author

Listed:
  • Mihaela-Carmen MUNTEAN

    ()

  • Costel NISTOR

    ()

  • Ludmila Daniela MANEA

    () (Dunarea de Jos University of Galati, Romania)

Abstract

We are living through a period of profound change and transformation of the shape of society and its underlying economic base .The nature of production, trade, employment and work in the coming decades will be very different from what it is today. In an agricultural economy land is the key resource. In industrial economy natural resources, such as coal and iron ore and labour are the main resources. A knowledge economy is one in which knowledge is the key resource. One in which the generation and the exploitation of knowledge has come to play the predominant part in the creation of wealth.

Suggested Citation

  • Mihaela-Carmen MUNTEAN & Costel NISTOR & Ludmila Daniela MANEA, 2009. "The Knowledge Economy," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 141-152.
  • Handle: RePEc:ddj:fseeai:y:2009:i:1:p:141-152
    as

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    File URL: http://www.ann.ugal.ro/eco/Doc2009/MihaelaMuntean_CostelNistor_DanielaManea.pdf
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    Other versions of this item:

    • Muntean, Mihaela-Carmen & Nistor, Costel & Manea, Ludmila Daniela, 2009. "The Knowledge Economy," MPRA Paper 18256, University Library of Munich, Germany.

    More about this item

    Keywords

    knowledge economy; globalization; organization; comparative advantage;

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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