Urban infrastructure development in a global knowledge-based economy

The challenge of globalization process is the emergence of "new economy" in which the knowledge-based economy is of great importance. The factor of the knowledge-based economy is growing under the influence of scientific and technological revolution and involvement in globalization. The article analyzes the relationship of changingtechnological paradigms of social-economic development with sustainable development of urban infrastructure. The challengesof the Sixth (according to the classification of S. Yu. Glaziev)paradigm of the technological revolution with widespread introduction of digitalizationare specified. Up-to-date aspects of management of urban infrastructure development with use of "Smart City"advanced intellectual information technologies are considered. The study provides a reinterpretation of modern methods of management of urban infrastructure development in connection with the emergence of digital information and communication technologies. Knowledge management, including human capital assets management, representing the creative potential of people, plays an important role for "smart management". It is proved that intellectual resources have greater value and competitive advantages than material resources. It is justified that with the development of globalization and digitalization of society, sustainable development of urban infrastructure is based on the use of knowledge-based capital.