Innovations in the context of the knowledge based society creation: new theoretical approach

Abstract

The present publication deals with possibilities for the development of new forms of economic, social and technological headway designed to create and further improve economies based on knowledge and high technologies sector. The author suggests a concept of creation of regional and cross-regional clusters and their networks also known as “economic oases”. The author of the present article explains that the economies based on knowledge development of clusters and their networks will soon become one of the core forms of economic and technological advancement. The main idea is that the future lies in the creation of a knowledge based society and knowledge based economy. This means that the key issues that require strategic decisions with a focus on innovations and innovation activities are to be considered as issues of creation of the knowledge based society and knowledge based economy. The author of this publication analyzes a new approach towards developing long term strategies for innovation activities and creation of the knowledge based society and knowledge economy. The objective of the research is to prove that the key priorities for innovation activities and creation of the knowledge based society and knowledge economy are the urge of technological advancement and enhancement of compatibility and productivity, using such opportunities as specialization of national and regional economies, creation of clusters and their networks, as well as the development of the so-called “economic oases” and hyper-clusters. The main result of the completed research is the concept of strategies focused on integration and synthesis, the basis for which is the universal principle of “creation of new quality“. Key challenges and priorities that require special attention when creating the knowledge based society and knowledge based economy are described in details.