On the Way towards Knowledge Based Economy: Where is Western Balkan Region?

TitleOn the Way towards Knowledge Based Economy: Where is Western Balkan Region?
Publication TypeConference Proceedings
Year of Conference2016
AuthorsGanić, M
EditorHojkuric, H
Series EditorPajevic, A
Conference NameSecond Sarajevo International Conference by , International University of Sarajevo (IUS), Faculty of Business Administration (FBA), Sarajevo
Volumevol. 2, 2 vol.
EditionInternational University of Sarajevo (IUS)
Date PublishedMay, 2016
PublisherInternational University of Sarajevo
Conference LocationSarajevo, B&H
KeywordsCompetitiveness, KEI Index, Knowledge Based Economy, SEE Region
Abstract

This paper looks to analysis some selected the economies in transition and explore thewide range of issues related to the progress made towards the concept of knowledge- basedeconomy (KBE). The paper incorporates the economic developments with structuraldeficiencies in the economies of transition. A cross -comparative analysis of selected theeconomies in transition reviews three groups of countries: Central Europe and the Baltic’scountries (CEB), Western Balkan countries (WBC) and the Commonwealth ofIndependent States (CIS) over the period between 1995 and 2012. The aim of this cross -comparative analysis is to measure the transition of their economies from resource-basedeconomies to KBE. Moreover, The World Bank's Knowledge Economy framework is usedfor measure a progress towards a KBE. The paper ends by providing certain conclusionsthat reflect the need to change the current development strategy and the need to shift thefocus of attention to effective innovation systems and technological progress.