Moderated Discussion: On the Way to Knowledge Economy Baumol, Litan, Schramm. “Good Capitalism, Bad Capitalism and the economics of growth and prosperity” (Kauffman Foundation) Drucker. “Innovation and Entrepreneurship”. 1985

Moderated Discussion: On the Way to Knowledge Economy Introductions: Re-establishing ties Multitude of integrative projects The future is back; no nostalgia Movement: moving knowledge, economy

Moderated Discussion: On the Way to Knowledge Economy Starting remarks: Science has no borders; follows excellence Science develops in networks, circles of people New realities, new conditions – new opportunities to use Education and knowledge help to avoid economic hardships People are a valuable resource Knowledge and sustainability: knowledge is a valuable instrument; helping young people achieve knowledge in a timely fashion will help them deal with challenges of 21 st century

Moderated Discussion: On the Way to Knowledge Economy Fostering scientific cooperation: Government’s function is to build infrastructure; not to interfere Infrastructure appropriate for scientific development: building culture where scientists readily approach businesses and where businesses are pushed to adopt new technologies Businesses will react to market demands ( optimization, drive for revenues) Value of knowledge: How much the knowledge is worth in a business? Knowledge: an asset, a commodity Highest gain, added value comes from using scientific knowledge Free mobility, openness in innovation market

Moderated Discussion: On the Way to Knowledge Economy Government role: Help by not interfering Create of positive climate Build infrastructure Propose possible scenarios of country development Help sciences that do not have direct business applications Market role: Business drives the innovation Open, mobile innovation markets (knowledge democracy) Assertive business people, eager to commercialize new technologies Consumption and public image are drivers for knowledge economy Demand is driving knowledge flows within the economy

Moderated Discussion: On the Way to Knowledge Economy Knowledge economy- an economy where knowledge is capital. Requires certain mentality: taking risks, innovative, willing to work on their innovative ideas, change, taking advantages of current environment (open economy, communication possibilities). Obstacles (who is the enemy?): time, conditions where people are pressed to stop their activities.

Moderated Discussion: On the Way to Knowledge Economy Conclusions: Cooperation- working together on our mission towards knowledge economy. Focus on specific topics and opportunities, covered during the conference. Start from specific steps. More democracy- in politics, in knowledge. Risk-taking. New superlatives: e.g. China and innovation