Knowledge Economy Development in Global Economy Environment

The processes of globalization and knowledge economy development can be concerned as the issues directly affecting not only the single human being but also every one of us. It is all about the processes having been started conclusively, that's why it's a matter of fact along with its good and bad sides. On the other hand against the globalization there is a deepening gap between the developing and developed countries and nationalism resulting from that issue. The most important force affecting the economic mechanism and globalization processes is knowledge. The source of expected higher quality of life in society should be based on investment into knowledge economy as a source of economic growth and competitiveness in global economy. The article deals with expressions of globalization and knowledge economy in terms of social and economic development of international economics.