Knowledge Based Economy - The Basis for Insuring a Sustainable Development

Mirela Sirbu, Ovidia Doinea and Mădălina Giorgiana Mangra
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Ovidia Doinea: University of Craiova, Romania
Mădălina Giorgiana Mangra: University of Craiova, Romania

Annals of the University of Petrosani, Economics, 2009, vol. 9, issue 4, 227-232

Abstract: At present, at global level, is more and more visible the fact that the information and knowledge exercise a decisive impact over the functionality and performance of organizations, assuring the sustainability of the economy on long term. Switching to economy based on knowledge is an inevitable process, particularly complex and difficult, that generates for organizations many opportunities and creates, in the same time, an ideal framework for sustainable development. Building the economy based on knowledge, ensuring premises for an accelerated and sustainable growth of the economy, simultaneously with strengthening social cohesion and increasing concerns for environmental protection, is an important strategic objective of European Union. Following, the sustainable development must be addressed as a "responsibility of present to secure the future", the knowledge-based economy forms the basis to achieve this desideratum.

Keywords: sustainable development; performance; knowledge; knowledge-based economy; based on specialist knowledge; intellectual capital (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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