SOCIOECONOMIC DEVELOPMENT AND THE KNOWLEDGE SOCIETY: WHAT ARE EU AND LATVIA FACING? Ivans Bērziņš Institute of Economics, Latvian Academy of Sciences.

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Presentation transcript:

SOCIOECONOMIC DEVELOPMENT AND THE KNOWLEDGE SOCIETY: WHAT ARE EU AND LATVIA FACING? Ivans Bērziņš Institute of Economics, Latvian Academy of Sciences

THE RISE OF THE KNOWLEDGE SOCIETY The way capitalism reproduce itself changes through the History as a result of changing in: 1)The politics 2)The production of wellness

THE RISE OF THE KNOWLEDGE SOCIETY The political side refers to the process of political and economic (neo)liberalisation The production side refers to the rise of the Third Industrial Revolution

THE RISE OF THE KNOWLEDGE SOCIETY The Knowledge Society may de defined as the expression of the way the capitalism system reproduce itself nowadays, based on the technological paradigms of the Third Industrial Revolution combined with process of neoliberalisation of the Worlds economy, representing a new way wealth is produced and how concurrence takes place.

CONCURRENCE, INNOVATION AND KNOWLEDGE SOCIETY Development X Growth

J. A. Schumpeter

CONCURRENCE, INNOVATION AND KNOWLEDGE SOCIETY The production of a new good The implementation of a new organizational paradigm in the production The discovery of new markets that were not explored before The development and the discovery of new raw- materials The transformation of the market structure (for example, eliminating other concurrent(s))

THE EU AND LATVIA IN THE KNOWLEDGE SOCIETY The EU is a net importer of technology In the top 20 products to Worlds non-fuel export growth, EU15 has the leadership mostly in sectors of the Second Industrial Revolution, as furniture, paper and paperboard, base metal manufactures, plastics, etc.

Structure of the Latvian GDP by activity - %

THANK YOU VERY MUCH!