Development Of The Economy Of Knowledge In Different Countries

Shoira Olimjonova,Nodira Isametdinovna Khasankhonova

doi:10.37547/tajas/volume03issue02-05

Abstract

Creating conditions for R&D in a post-industrial type of development is an extremely urgent task. Thanks to its scientific potential, the economy will be in a much more advanced position. The article examines the current state of research and development, knowledge economy and innovation. The factors of accelerated development of R&D in the knowledge economy are identified. The requirements for creating systemic prerequisites for the formation of the knowledge economy and innovation environment are discussed separately.

Highlights

In many countries around the world, many types of economic and social activities are based on mental ability, which is one of the universal economic laws
We show the formation of the knowledge economy in the state of South Korea with the following features:
The knowledge economy, the formation of a knowledge society over the past decade in the top 10 countries in the table is characterized by the production of scientific knowledge, technological innovation, integration of business and higher education, high spending on innovative goods and services

Summary

INTRODUCTION

In many countries around the world, many types of economic and social activities are based on mental ability, which is one of the universal economic laws. Two aspects of this law are becoming increasingly apparent. The advanced countries we know in the world are the United States, Germany, the United Kingdom, South Korea, and Japan, which are currently making extensive use of the knowledge economy. In these countries, the focus is on human capital, investment, science and high technology, production and services. ANALYSIS AND RESULTS if we consider the costs of R&D, we obtain the following data (Figure 1)

The Global Innovation Index 2020

Findings

CONCLUSIONS AND RECOMMENDATIONS