DEVELOPMENT OF NEW ECONOMY AND HUMAN CAPITAL
DEVELOPMENT OF NEW ECONOMY AND HUMAN CAPITAL

Summary/Abstract: Civilizational changes taking place in the second half of 20th century (predominantly 70s and 80s) have been called within the professional communication as a welfare society, post-industrial society, and “third wave” etc. The attention has shifted from the society to the economy during the 90s, and these basic changes in the social development began to be explained through such economic terms as “knowledge economy” or “new economy”. This study analyses historical, technological, economic and social conditions present during the above mentioned period, when the need for innovations arose; and it also looks into the influence of these innovations on the economic development and on the process of forming of knowledge and new economy

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