The Influence of Knowledge Level on Economic Growth. The Example of Poland, Czech Republic and Hungary in 1995-2004
The development of knowledge based economy implies a change in resources assessment that influence economic growth. Initially, the material resources including land and capital were all important. The economic transition, globalization, development of IT technologies, growing competition have all increased the impact of non-material resources. Especially important factors became know-how and educated working force. Nowadays a broad understanding of those factors is comprised in one term as knowledge (OECD 2001, p.4). Traditional resources are still important but the main part in creating gross national product is played by knowledge (Fortune 1993 p. 2, Begg and others 1996, p. 36 ). The civilization progress have led to the situation where most people in the developed societies do not work physically but use their intellectual skills (OECD 2001, p 7 ).
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