Knowledge-based economy: a requirement of modern society

The main guiding principle of modern society is knowledge, and of modern economy is the knowledge-based economy. Special importance is given to the know-how that gets deeper meaning in the application of knowledge, innovations, high technologies, and linking of universities and research centers with the private sector. Knowledge-based economy enables sustainable growth of economy and development and welfare of society, derives the knowledge cities and promotes the growing human need for a new, different way of life in which will prevail economic equality and social responsibility.