Knowledge Based Economy Assessment in Romania

Sebastian Ion Ceptureanu (), Eduard Ceptureanu (), Alina Tudorache () and Filip Zgubea ()
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Alina Tudorache: The Bucharest University of Economic Studies, Romania
Filip Zgubea: The Bucharest University of Economic Studies, Romania

Economia. Seria Management, 2012, vol. 15, issue 1, 70-87

Abstract: Knowledge and ability to create it, access and use effectively, has long been both an instrument of innovation and competition and a key economic and social development. However, a series of dramatic changes in recent years have increased the importance of knowledge for generating competitive advantage. Ability to process and use information globally and instantly increased exponentially in recent years due to a combination of scientific progress in computing and distributed computing, exacerbation of competition, innovation in all its forms and cuts of operating costs in global communication networks. As barriers to access knowledge regarding a process, product or market are gradually decreasing (distance, geographical features, and costs), knowledge and skills are becoming increasingly a key to competitiveness, both locally and globally. This paper, based on a survey of 551 Romanian companies, address a sensitive issue of both business and academic fields – perception of knowledge based economy in Romanian companies. Its conclusion can guide decision makers in Romania to develop an integrated approach to foster knowledge based economy in our country.

Keywords: knowledge based economy; Romanian companies; awareness of KE; transition to KE. (search for similar items in EconPapers)
JEL-codes: D83 O32 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rom:econmn:v:15:y:2012:i:1:p:70-87

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