Knowledge Economy: Formation and Development Problems
A new approach based on analysis of socio-economic development trends is considered in the article A new stage of the modern economy is viewed as knowledge economy The presented concept focuses on the determinants and conditions for a new type of economy development, but also the causations as the prominent factors in its forming and development process. The analysis of possible methods of knowledge economy development level assessing let to make a conclusion that using GDP item as indicator is inappropriate because it does not consider the specific features of knowledge as a public good The law of increasing returns, network effects, exponential growth and positive feedback are mentioned as knowledge economy effects