The article studies how the knowledge economy is one of the sectors playing a decisive role in the functioning of the economic system.
It is shown that, at the moment, scientists are not unanimous in their definition of “the knowledge economy” and “the innovative economy”. So, L. Mindey and L. Pipia define them as synonyms. I. Kondaurov and O. Khasnutdinova point out that the knowledge economy should be considered systematically and comprehensively in the broadest sense. In this case, it acts as: an innovative economy; post-industrial economy; information economy; global network economy. At the same time, they emphasize that the theoretical premise of the knowledge economy in an historical context is the idea of innovation, and accordingly, an innovative economy.
It is demonstrated that effective development of the knowledge economy takes place on the condition of interpreting three relatively independent spheres of social activity: 1) education and training; 2) R & D and innovations; 3) information and communication technologies. At the same time, the key factor in production is intellectual capital, intangible assets, information and communication. It is sufficiently important to provide the necessary conditions for the development of a knowledge-based economy.
Further exploration shows that today, one of the key tasks facing the majority of nation states is developing their creative industries in order to strengthen their competitive advantage in the global market.
The most significant contribution to the development of the theory of the creative class was introduced by sociologist R. Florida, who divides it into two subclasses – the super-creative core and creative specialists. To “suprareative nucleus”, he has assigned professions in the following areas: programming and mathematics; Architecture and engineering; natural and social sciences; education and science; education and library affairs; art; design; entertainment; sport; and the media. The subclass of “creative specialists” includes: managers; Professions in business and finance; health care professionals; high-tech production specialists; executive positions related to sales, etc. Investigations reveal that the main qualities inherent in the creative class are: youth, high productivity, independence, entrepreneurship, and a high level of education.
Keywords: knowledge economy, innovative economy, innovations, creative industry, creative class, entrepreneurship.
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