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Knowledge based economy in European Union

Author

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  • Ecaterina Stanculescu

Abstract

Nowadays we assist at a fundamental change from the economy based mainly on resources to the one based mostly on knowledge. The concept has been launched in the last decade of the past century. The knowledge became a production agent and a value creation instrument for whatever country and of course for an entire community like European Union which is constantly concerned by its development and competitiveness. This paper presents the principal characteristics of the present EU preoccupations with the expansion of a knowledge based economy through the 2020 European Development Strategy for smart, sustainable and inclusive economy, and especially for the Framework Programs (Framework Programme 7 and Competitiveness and Innovation Framework Programme).

Suggested Citation

  • Ecaterina Stanculescu, 2012. "Knowledge based economy in European Union," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 4(2), June.
    • Handle: RePEc:iem:journl:v:4:y:2012:i:2:id:2822000008747131
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    File URL: http://www.iem.ro/rem/index.php/REM/article/view/83/69
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    More about this item

    Keywords

    development and economic growth; science-tech-technology; technological change; research; development and innovation policies;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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