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Assesing Countries' Readiness For Developing Knowledge-Based Economy

Author

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  • Vojislav Iliæ, Vladimir Nediæ

    (University of Belgrade, Faculty of Teacher Education, University of Kragujevac, Faculty of Philology and Arts)

Abstract

Knowledge and innovation have had the biggest significance in development since the very beginnings of human civilization. However, globalisation and technological revolution in the last few decades have made knowledge a key factor of macro competitiveness and economic growth in certain countries. Both developed and developing countries tend to raise the level of their own readiness for development of knowledge economy to the greatest possible extent. Putting knowledge in the center of economic processes, economy is being transformed to knowledge economy. Assesing countries' readiness to develop knowledge-based economy is significant due to the fact that results will be the basis for defining development policy and a necessary element of its implementation at different levels of economic structure of society.

Suggested Citation

  • Vojislav Iliæ, Vladimir Nediæ, 2014. "Assesing Countries' Readiness For Developing Knowledge-Based Economy," Ekonomika, Journal for Economic Theory and Practice and Social Issues 2014-03, „Ekonomika“ Society of Economists, Niš (Serbia).
    • Handle: RePEc:esb:castrc:2014-321
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    More about this item

    Keywords

    knowledge; knowledge-based economy; economic growth; assesing knowledge economy;
    All these keywords.

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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