Том 2 - Тенденции и предизвикателства в развитието на ...

mic continuous growth rates of western economies could not be explainedanymore in terms of traditional economic factors such asland, labor and capital. The role played by knowledge in economicgrowth has no novelty.Schumpeter was the first to recognize the importance ofknowledge in the economy by sending it to “new combinations ofknowledge” in the centre of innovation and entrepreneurship (Schumpeter,1911, p. 57). Schumpeter also considers economic dynamic requiresconstant innovation and volatility, the idea being followedby other scholars such as Galbraith, Goodwin and Hirschman.Knowledge-based economy has gradually replaced industrial society,which is far from disappearing of the “industry”2. Means for Romania transition to knowledge economyBenefits from the knowledge revolution might see in our country ifthe focus should be on practical strategies to help the precession of thetransition to knowledge-based economy such as population properlyeducated and equipped to generate and use knowledge, systemsinnovation in enterprises and research centers. Also, interest in intangiblevalues should grow and transform them into the most important sourcesof competitive advantage. Traditional factors of production (materialresources, labor, capital) has to gradually reduce weight.Romanian concerns in the current crisis are hardly geared towardscience and technology and industry leading advanced and hightechnology that would lead our country towards a knowledge-basedeconomy, but only out of crisis measures.Romania's economy is an economy in the early stages ofdevelopment. They sometimes raise questions about the need to promotethe Knowledge Economy [...]. Policymakers wonder whether Romaniashould be so concerned with the concept of knowledge economy as longas not even a developed industrial economy (almost half of thepopulation is located in rural areas). Knowledge economy has often beenpresented as being based on science and advanced technology andleading high-tech industries. However, Romania is still lagging behind in35