Implementation of the knowledge economy paradigm in the strategy of national economy development

Abstract

This paper studies the knowledge economy paradigm and the factors of its influence on the development of national economies in the context of transformation of the global competitive environment. It has been methodologically identified the basic categories and concepts concerning the determination of key factors and parameters of modern economic systems. It has been proved through the example of South Korea that implementation of the knowledge economy paradigm in long-term strategies initiated and supported by the state provides new opportunities of socio-economic progress. The basic problems of innovation-driven development of Ukraine’s economy through an assessment of its readiness to transition to the knowledge economy, compared with South Korea. The latter’s experience, despite the objective limitations, is regarded as an example of strategic success in formation of a creative innovation system.

Keywords

• Globalization
• post-industrial economy
• knowledge economy
• national development strategy
• innovation system