Innovative Economy and Knowledge Society Vectors

Abstract

Economic progress is closely linked to the formation of innovative economy, as stage of economic society, in close correlation with human capital. Innovative economy represents the economy based on knowledge, innovation, know-how, new systems and technologies and their implementation in various spheres of economic activity. Generating new ideas, implementing them in technologies and innovations determine the quality of socio-economic development and living standards in a country. Experience shows that the development of innovative society is directly related to the concept of knowing and knowledge by developing sectors where human capital accumulation occurs and primarily in the sphere of education and science. In this context, we propose to analyze and develop strategies and methods to help identify vectors of the knowledge society. We consider in this respect that a country cannot be considered competitive if it has only natural resources; lack of access, in long-term, to health services and education, leads to reducing the ability of people to integrate socially and indirectly to affecting negatively the chances of getting a profession or a job, in the absence of education, or decreasing the ability to work, through physical damage, which will influence the country's overall economic condition.

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