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Globalisation and knowledge economy

Author

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  • V. Jeníček

    (University of Economics, Prague, Czech Republic)

Abstract

The article stresses the importance of information in the contemporary globalised world. Quantitative technological changes, which influence substantially the world economy, have always been very significant in the history. There are characterized the changes of the production factors as labour, capital, land, information on the world level. Information and knowledge are the most important parts of capital at the present time, since they are the main source of wealth. Information is by its substance very specific as an absolutely non-tangible commodity, which acquires a tangible form only through its bearers (media containing information), eventually it materializes in the performance of people who dispose of the information (in their knowledge).

Suggested Citation

  • V. Jeníček, 2006. "Globalisation and knowledge economy," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 52(1), pages 1-6.
    • Handle: RePEc:caa:jnlage:v:52:y:2006:i:1:id:4990-agricecon
    DOI: 10.17221/4990-AGRICECON
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