REMARKABLE MOMENTS IN THE EVOLUTION OF KNOWLEDGE

TITU Mihail Aurel, Lucian Blaga University of Sibiu

OPREAN Constantin, Lucian Blaga University of Sibiu

TITU Stefan, Iuliu Hatieganu University of Medicine and Pharmacy, Cluj Napoca, Romania

Abstract:
Technology, Innovation and Knowledge are three related phenomena and concepts that have been at the core of the worldwide economy evolution and the international business growth during the last fifty years. Technology refers to the tools and machines that are used to solve real-world problems. Innovation is a new idea, a more effective device or process. Knowledge is the familiarity with or understanding of something such as facts, information or skills. The paper focuses on a selection of these in order to emphasise that through successive rounds of learning and problem solving, the society can incorporate new knowledge to deal with problems at increasingly larger scales.

Keywords: knowledge, evolution, innovation

JEL Classification: O31, O33

Volume: 68, Issue: 6

Pages: 162 - 176

Publication date: December, 2016

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/68614titu&oprean&titu.pdf

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