Abstract

The new theory of economic growth - human actions such as education and innovation, as well as economic behavior, affect long-term economic growth; limits the reduction in the utility of capital; and helps explain the transition from a resource-based economy to a knowledge-based economy. The concept of the knowledge economy - depends on new growth theories that increase understanding of the role of new technologies in increasing productivity and growth through investment in research and development, education and training, new management structures.

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