RESEARCH AND DEVELOPMENT-VECTOR OF THE KNOWLEDGE BASED ECONOMY IN ROMANIA

We can observe in the present the appearance of a new economy. It is an economy based on knowledge and ideas, in which the key factor of prosperity and economic growth is the superior knowledge capitalization. The new economy represents "the fundamental changing from the economy based primordially on the physical resources to the economy based primordially on knowledges" (A. B. Jones). This is why today the knowledge is considered to be the driving force of the economic growth, productivity growth and a resource that can offer a sustainable competitive advantage. This is why nowadays the competitive advantage of an economy it is not based only on products or services, natural resources or geographic particularities. The competitive advantage it is obtained today through innovation and the extensive utilization of knowledges. One of the main vectors of the knowledge economy it is represented by the research and development. For this reason the present paper presents t evaluation of the Romanian research and development system from the perspective of the knowledge based economy.