Challenges of Building a Knowledge Based Economy in Croatia

Abstract

The objective of this paper is to explore the essential nature of knowledge-based economy and to examine the current position of Croatian economy in the process of establishing sufficient conditions for transition to it. Particular attention is given to the production, transmission and transfer of knowledge and information and communication technology (ICT) in Croatia which determine the pace, direction and success of creating a knowledge-based economy. The paper concludes with the policy suggestions how to narrow the gap between Croatia and developed nations relying on the knowledge and ICT as two essential and interrelated core elements of any strategy aiming to build a knowledge-based economy.knowledge-based economy, knowledge, information and communication technology, Croatia