KNOWLEDGE ECONOMY – THE ECONOMY OF THE FUTURE

Abstract

In these times with strong changes, a so called “knowledge revolution” is on the way andthis designates the evolution from the primarily physical labor based economy to a predominantly knowledgeeconomy.The entire world is dealing, în the dawn of this new century, the 21st one, with a series of majorchanges: social, economic and technological. Consequently, if the 2nd industrial revolution was initiated în theindustry based on intensive production labor “by the pioneers of automobiles such as Ford, it is clear that the3rd revolution will take place în the economic sector of the knowledge based services.”