scholarly journals Problems and prospects of the "New Economy" as an institutional basis of international business in the conditions of globalization

2020 ◽  
pp. 33-36
Author(s):  
Yuliia PRODIUS ◽  
Kateryna LYKHASHCHENKO ◽  
Hanna SHARKOVA
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Knowledge Economy ◽  
Technological Progress ◽  
New Economy ◽  
Economic Life ◽  
Advantages And Disadvantages ◽  
Advanced Technologies ◽  
Innovative Management ◽  
Post Industrial

Introduction. The emergence of the term "New Economy" is associated with the development of modern electronic information technology, the formation of the information system of the Internet. The new economy is a systemic phenomenon that is gradually formed within the post-industrial period of economic development through the introduction of scientific and technological progress and innovative management methods, intellectualization of human capital, the use of advanced technologies and scientific and economic sectors of the national economy. The new economy is formed on the basis of the intellectualization of production and all economic life. The purpose of the paper is the identification and study of the term “New Economy”, analysis of its advantages and disadvantages. Consideration of characteristics and priority directions in development, identification of the basis of the new economy. Describe the benefits of the new economy. Result. The main characteristics of the new economy are knowledge. They are considered as a productive factor and a strategic resource. In a “new economy” a product is produced, wealth is the result of the application of knowledge, which is both a resource used to create goods and services, and an element of infrastructure. The new economy is a systemic phenomenon that is gradually formed within the post-industrial period of economic development through the introduction of scientific and technological progress and innovative management methods, intellectualization of human capital, the use of advanced technologies and knowledge-intensive industries. Conclusion. The above features allow us to define the "New Economy" as a process of formation and development of the world economy, which is global in nature, subject to social progress and economic growth is achieved using a new factor of production – constantly updated knowledge (“knowledge economy”) includes the "knowledge economy" of its mechanism of knowledge production, infrastructure and resource potential.

scholarly journals INNOVATIVE MANAGEMENT IN TRANSITION ECONOMY

2018 ◽  
pp. 165-171
Author(s):  
A. CHARINA ◽  
V. SOKOV
Keyword(s):  
Human Capital ◽  
Knowledge Economy ◽  
Industrial Development ◽  
Transition Economy ◽  
Innovation Management ◽  
Development Model ◽  
Innovative Management ◽  
Post Industrial

The article considers theoretical aspects of innovation management in countries with transitive economy on a way to post-industrial development model according to the structural crisis caused by their specificity. The ways of solving the emerging problems are proposed. The role of human capital and social-functional innovations is emphasized in the transition to "knowledge economy”.

Universities and Information Centers in U.S. Cities

2018 ◽  
Author(s):  
LaDale Winling
Keyword(s):  
Cultural Production ◽  
Knowledge Economy ◽  
New Economy ◽  
Economic Life ◽  
The Political ◽  
Legal Services ◽  
Early 21St Century ◽  
Education And Health ◽  
Education Medical ◽  
Post Industrial

The transformation of post-industrial American life in the late 20th and early 21st centuries includes several economically robust metropolitan centers that stand as new models of urban and economic life, featuring well-educated populations that engage in professional practices in education, medical care, design and legal services, and artistic and cultural production. By the early 21st century, these cities dominated the nation’s consciousness economically and culturally, standing in for the most dynamic and progressive sectors of the economy, driven by collections of technical and creative spark. The origins of these academic and knowledge centers are rooted in the political economy, including investments shaped by federal policy and philanthropic ambition. Education and health care communities were and remain frequently economically robust but also rife with racial, economic, and social inequality, and riddled with resulting political tensions over development. These information communities fundamentally incubated and directed the proceeds of the new economy, but also constrained who accessed this new mode of wealth in the knowledge economy.

scholarly journals The Change of Sources of Growth and Sustainable Development in China: Based on the Extended EKC Explanation

2021 ◽  
Vol 13 (5) ◽  
pp. 2803
Author(s):  
Huaide Wen ◽  
Jun Dai
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
Environmental Pollution ◽  
Knowledge Economy ◽  
Technological Progress ◽  
Inflection Point ◽  
Physical Capital ◽  
Production Factors ◽  
Main Production ◽  
Traditional Economy

This paper extends the “sources of growth” explanation for the Environmental Kuznets Curve (EKC) proposed by Copeland and Taylor in a concise theoretical framework, that is, when the sources of growth are transformed from physical capital and labor to human capital and knowledge, the environmental pollution could at first rise and then fall with a sustainable growth in per capita income. Using the provincial panel data from 1995 to 2017 in the mainland of China, an empirical analysis is carried out by the System Generalized Method of Moment (sys-GMM). The results show that: first, the EKC hypothesis exists in China. The inflection point for SO2 emissions has been passed in all of the provincial regions, and for CO2 and comprehensive environmental pollution losses have not been passed in some regions, but the inflection point from the national average level in China has been passed; second, the main production factors of the traditional economy, physical capital and labor, are positively correlated with environmental pollution, while human capital and green technological progress, the main production factors of the knowledge economy, are negatively related to environmental pollution; third, human capital and green technological progress have become important factors to promote economic growth, and human capital, in particular, has become the primary factor, which indicates that China is in the process of transforming traditional economy into a knowledge economy. The stage of China’s economic development and the trend of environmental pollution is consistent with the extended “sources of growth” explanation for the EKC, which proved the theoretical hypothesis. This has an important practical significance for China’s current economic reform and important theoretical value for the economic transformation and sustainable development of developing countries. The paper finally puts forward corresponding policy recommendations.

Malaysian Knowledge Society and the Global Knowledge Gap

2003 ◽  
Vol 31 (3) ◽  
pp. 383-397 ◽  
Author(s):  
Hans-Dieter Evers
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Knowledge Economy ◽  
Knowledge Society ◽  
New Economy ◽  
Knowledge Development ◽  
Natural Phenomenon ◽  
Knowledge Gap ◽  
Global Knowledge ◽  
Industrialised Countries

Knowledge has been widely recognised as the most important factor of production in a "new economy". The production, dissemination and utilisation of knowledge are therefore essential for development. Some countries, Malaysia among others, have embarked on an ambitious plan to use knowledge as a base for economic development, by-passing earlier stages of industrialisation. Some commentators have, in contrast, asserted "that it is doubtful that the knowledge revolution will let developing countries leapfrog to higher levels of development" as "the knowledge economy will actually expand the gap between rich and poor" (Persaud, 2001:108). The paper discusses this controversy by arguing that the knowledge-gap (k-gap) is in fact a precondition for development. It is, however, no natural phenomenon but it is constructed by experts and governments. Socio-economic indicators are used to show that the existing global knowledge gap is widening between Southeast Asia and the OECD countries and within ASEAN. Malaysia, whose government has pursued a vigorous strategy of knowledge development is moving ahead of other ASEAN nations, but falling behind industrialised countries. Factors explaining the situation are outlined in this article.

scholarly journals Virtual Reality of Modern Socio-Economic Transformations: Conceptual Bases and Theoretical Foundations

2020 ◽  
pp. 6-16
Author(s):  
Olga Brizhak ◽  
Vladimir Novikov
Keyword(s):  
Virtual Reality ◽  
Knowledge Economy ◽  
Economic Life ◽  
Economic Systems ◽  
System Quality ◽  
Present Stage ◽  
Economic Transformations ◽  
Post Industrial ◽  
Theoretical Foundations

Dynamic and deep socio-economic transformations at the present stage of the development of social and economic life even more accentuate the attention of researchers and practitioners on the concentration of reflected forms that characterize their virtual nature. The superstructure of virtual forms, complementing the real basis of the economic system, transforms it in a similar way. Virtual signs, products, images form many-sided images, reproducing the mental activity of a person endlessly. Rapid flows of information are increasing, financial derivatives and currency transactions are multiplying, specific services are carried out that do not have a subjectobject basis and form virtual reality, reflecting and multiplying. The article shows that behind the movement of reflected forms there is a certain essence containing past and future scenarios of the formation of a new way of organizing economic activity of people, designated in a number of works as “knowledge economy”. For effective management of such economy the system quality of communications in all spheres of social and economic processes and the phenomena at the present stage is important. The authors investigate the structural elements of virtual reality and their characteristics; consider synonymous categories denoting the interaction of socio-economic systems in the network space. The article demonstrates theoretical and methodological approaches that reveal the essence, nature and content of the “virtual economy” and “virtual reality” in the conditions of modern socioeconomic transformations. The article uses the resources of knowledge economy, political economy, evolutionary and post-industrial methodology.

scholarly journals Human Capital as an Object of Accounting in the Knowledge Economy

2019 ◽  
Vol 71 ◽  
pp. 05003
Author(s):  
O. Kogut
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Knowledge Economy ◽  
Practical Interest ◽  
Main Role ◽  
Independent Factor ◽  
Modern Economy ◽  
Productive Factor ◽  
Definition Of

The modern economy is called the economy of effective human capital, which emphasizes its main role in the development of the economy and society as a productive factor. Human capital is becoming the most important factor in the country's economic growth, the foundation of sustainable economic development. The article considers approaches to the definition of the concept and theoretical content of the category of human capital, its importance for the development of areas of science and practice. It is revealed that human capital is a necessary independent factor determining economic growth. The necessity of reflecting human capital in the system of accounting and reporting of firms is substantiated. The main problems of recognition of this most important factor of production are revealed, the directions of their further solution are determined. The scientific and practical necessity of introducing a new object of accounting and analysis of human capital is substantiated. The article contains information and conclusions that are of practical interest to firms.

scholarly journals Institutions as the Main Determinant in Economic Growth

ETIKONOMI ◽  
2019 ◽  
Vol 18 (1) ◽  
Author(s):  
Hari Nugroho ◽  
N. Haidy Ahmad Pasay ◽  
Arie Damayanti ◽  
Maddaremmeng Andi Panennungi
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
General Theory ◽  
Technological Progress ◽  
The Other ◽  
Institutional Factors ◽  
Main Determinant ◽  
The World ◽  
Endogenous Growth Model

The studies on human capital and technological progress have given incredible insights on how countries in the world differ from one another. Yet there are more than those two reasons to account for differences among countries. There is a third reason why a country would differ in terms of its economic development progress, namely institutional factors. Hence developing institutional indices would give a deeper explanation than a mere theory. On the other hand, we can corroborate the institutional index with the general theory that low-quality institutions will impact an economy negatively. This study seeks to broaden the understanding of causes of economic growth by incorporating institutional index into a semi-endogenous growth model and finds a relationship between that index with human capital and technological progress

scholarly journals Specificity of human capital in the conditions of digital transformation of business organizations

2019 ◽  
Vol 265 ◽  
pp. 07012
Author(s):  
Andrey Polyanin ◽  
Tatyana Golovina ◽  
Irina Avdeeva ◽  
Yulia Vertakova
Keyword(s):  
Human Capital ◽  
New Economy ◽  
Digital Economy ◽  
Business Organizations ◽  
Global State ◽  
Potential Development ◽  
Innovative Management ◽  
Digital Competencies ◽  
Formation System

In Russia have emerged all the necessary prerequisites for the digital potential development and digital economy growth rates acceleration. The country has a sufficient intellectual and scientific base, supported by a good system of secondary and higher education. At the same time, the digital economy requires global production renewal, all levels staff retraining and rapid innovative management methods implementation. By all means in conditions of such economy highly skilled and highly paid personnel who has the opportunity to develop and to invest their human capital are certainly needed. The necessity to study the problems associated with the changes of quality of human capital influenced by the digitalization of the economy and determining the vectors for their solution is due to the discrepancy between the skills provided by the education system and required by the new economy, integration and globalization processes that dictate the need to search for modern methods, tools and management solutions for perfection of the formation system and use of human capital. Under the digital economy, the country's competitiveness is determined in the first instance by the accumulated and developed human capital, possessing various network and digital competencies at various levels: global, state, corporate and socio-individual.

Knowledge Economy

2003 ◽  
pp. 16-32
Author(s):  
Vlatko Ceric
Keyword(s):  
Knowledge Economy ◽  
Technological Progress ◽  
New Economy ◽  
Information And Communications Technology ◽  
Global Competition ◽  
Communications Technology ◽  
Economic Aspects ◽  
Knowledge Assets ◽  
Production Distribution ◽  
Use Of Knowledge

The dramatic development of information and communications technology, the increased speed of scientific and technological progress, and the increased global competition led to the growing importance of knowledge and technology for economy. Modern economy, therefore, increasingly includes features of knowledge economy, an economy based on production, distribution and use of knowledge. Also, more and more the growth of companies depends on innovation, and innovation is based on knowledge. This chapter presents an overview of knowledge economy. It describes the categorisation and a characteristic of knowledge, analyses features of knowledge assets, describes the reasons for the importance of information and communications technology for knowledge economy, and the economic aspects of knowledge assets. Finally, it describes the production, transmission and dissemination of knowledge, as well as the measurement of knowledge required for providing adequate economic indicators for the new economy.

Emerging Technology Transfer, Economic Development and Policy in Africa

2010 ◽  
pp. 399-413
Author(s):  
Alfred Kisubi ◽  
Chi Anyansi-Archibong ◽  
Ngozi C. Kamalu ◽  
Johnson A. Kamalu ◽  
Michael U. Adikwu
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Technology Transfer ◽  
Knowledge Economy ◽  
Good Governance ◽  
Developing Nations ◽  
Emerging Technology ◽  
New Model ◽  
Incremental Value ◽  
Research And Education

No nation can succeed economically without a strong and solid scientific educational base particularly in this era of knowledge economy. In many developing nations, the resources to develop both the human capital and infrastructure for education are inadequate. Specifically, in Africa, the intellectual capabilities on nanotechnology and microelectronics research and education are still evolving and some foundation technologies like electricity and ICT needed to drive and support them are not available. Lack of management efficiency and good governance continue to stall progress in the continent. In these matrixed four sub-chapters, these issues are discussed including a new model, Generic and Incremental Value (GIV), proposed for African development.

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