Acta Universitatis Danubius. Œconomica, Vol 4, No 1 (2008)

Abstract

In these times with strong changes, a so called “knowledge revolution” is on the way and this designates the evolution from the primarily physical labour based economy to a predominantly knowledge economy. The entire world is dealing, in the dawn of this new century, the 21^st one, with a series of major changes: social, economic and technological. Consequently, if the 2^nd industrial revolution was initiated in the industry based on intensive production labour “by the pioneers of automobiles such as Ford, it is clear that the 3^rd revolution will take place in the economic sector of the knowledge based services.