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New Innovation and Idea | Knowledge Management | Romania | Volume 13 Issue 2, February 2024 | Popularity: 4.9 / 10

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The Knowledge - The Invisible and Unknown Side of the Wealth of Nations

Dragos Seuleanu PhD

Abstract: The article discusses the world economy's quarterly stage, focusing on the service sector's development. It looks at the future of human society, exploring the idea of living on other planets and the associated challenges. Who will fund this endeavor, what technology is needed, and how will education and healthcare systems function? Will these new planets cater to Earth's needs or exist independently? The first phase involves building facilities on the Moon, with DARPA [i] initiating the 10 - Year Lunar Architecture project in August 2023 [ii]. This vision emphasizes the importance of Knowledge Transfer over the next 50 - 100 years, distinguishing between Knowledge and Innovation. Knowledge derived from advanced research has the potential to revolutionize the economy. At the same time, Innovation focuses on generating profits through new technologies and approaches. The article proposes new roles for the Central Bank and offers recommendations for policymakers, drawing inspiration from Peter Drucker's theories. It lays the groundwork for a new business model preparing humanity for a future living in Space.

Keywords: Knowledge, Knowledge Transfer, Knowledge Capital, Innovation, Business model for Space Economy Stage, Central Bank, ELI - NP, Radio Romania, Peter Drucker, Adam Smith, Carlos Moedas

Edition: Volume 13 Issue 2, February 2024

Pages: 1827 - 1833

DOI: https://www.doi.org/10.21275/SR231104002235

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