Knowledge and Technology – Implications for a strategic Design – Croatian Case

Globalization and internationalization processes continuously increase the quantity of information. All the information is quickly and easily accessible, and the problem is no longer scarcity of information, but its surplus. Economists need to be active and creative in solving this new problem, which requires new knowledge and competences. People have to master the skill of rapid acquisition of new knowledge and forgetting the obsolete information. The increasingly dominant knowledge of economics requires a new design of knowledge structure. In economics, knowledge is not only a product, nor only a new business opportunity, but also a critical framework for developing specialized scientific information. Companies today require predominantly applicative solutions to their problems. The implementation of the Bologna process in education of economists is under way at the Faculty of Economics in Osijek. The initial experience has opened up the possibility to redesign the education process into a life-long learning process for economists. The transition process should define Croatia as a small country successfully participating in the creation and exploitation of common knowledge and technology.