conference program - Facultatea de Drept - Dunarea de Jos

AbstractKNOWLEDGE AND INNOVATION – THE ROAD TO COMPETITIVITYPh.D. Lecturer Georgeta MODIGADanubius University, GalaţiFaculty of LawThe central idea around which this essay is built is that knowledge, as an appreciating asset,intellectual capital and investment in education are becoming dominant realities in the new economics andknowledge-based society.The first chapter underlines the importance of knowledge and intellectual capital as the main drivenforces in the new millennium.The nation’s output depends not only on the number of hours people work ,but also on howproductive those hours are. One of the important determinants of workers’ productivity is education Bothprivate and public returns to education are highlighted in the third chapter.The implications of globalization on the business world are of such nature that it is necessary for usto redefine the economic concepts and models, aspect which I’ve tried to focus on in the fourth chapter.In the fifth chapter the attention is headed towards the new economies, which in the globalcivilization are based on innovations and furthermore on technological development which leads towards ahigh level of competitively and human development.More and more countries are interested in becoming knowledge-based societies, thus being moreprepared to face the challenges of the new millennium.GALAŢI, 24 th -25 th of April 2009 21