Technical innovations versus the process of creating knowledge-based economy

Abstract

The article presents fundamental issues concerning understanding and interpretarion of the idea of sustainable development in the context of ongoing processes of globalization. For many years sustainable development has been perceived by scientists, politicians and entrepreneurs as the idea that is attractive in conceptual terms. However, as regards realization of the postulate of sustainable development, many barriers are encountered owing to the fact that its successful implementation is conditioned by a firm and well coordinated economic policy on a global scale, or at least on the scale of its particular regions. Simulraneously, contemporary global economy is dominated by the processes of globalization that are characterized by their spontaneiry, unpredictability and absolute subordination to the functioning of market mechanism. Consistencies ensuing from it hamper realization of the idea of sustainable development, the value of which is frequently questioned. Thus, what is appreciated presently is aspiration to find appropriate methods of overcoming barriers thar hamper sustainable development. This aspiration regards many scientific, political and business spheres.