EIRP Proceedings, Vol 3 (2008)

KNOWLEDGE ECONOMY – THE ECONOMY OF THE FUTURE

Emanoil Muscalu, Ramona Todericiu

Abstract


In these times with strong changes, a so called “knowledge revolution” is on the way and
this designates the evolution from the primarily physical labor based economy to a predominantly knowledge
economy.
The entire world is dealing, în the dawn of this new century, the 21st one, with a series of major
changes: social, economic and technological. Consequently, if the 2nd industrial revolution was initiated în the
industry based on intensive production labor “by the pioneers of automobiles such as Ford, it is clear that the
3rd revolution will take place în the economic sector of the knowledge based services.”

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