Dynamic Model of Knowledge and Lifelong Learning Strategy in Economic Growth

Abstract

Knowledge is a central factor of production, which has a unique feature of an increase in earnings, and thus to increase their own values by means of both use and dissemination. Therefore, successful permanent exploitation of new knowledge in development of products, services, processes innovative is a highpoint in securing competitive advantage, on the one hand, but also for the sustainability of activities on the other hand, since knowledge means power and profitability. Knowledge carries both data and information, both through education and through practice, along with the dissemination and the use of their efficiency, which is a prerequisite for innovation and enhancing competitiveness. And as regards economic growth in the long term, the knowledge is the main engine of economic growth, when they are acquired, created, disseminated and actually used to increase economic development. Education plays an important role in economic growth theory demonstrating that efficient work based on knowledge gained during the 1950s 140 generates output for the function of production. The aim of this work is to reveal that the investment in knowledge is of strategic importance especially for the most developed economies. The model Lifelong Learning comes to complete our scientific, is regarded as the key these challenges. This approach considers that a population educated and trained appropriately is the key factor for future economic prosperity, promoting innovation, future economic growth and productivity, cultivation of life in the community, social cohesion and politics, and ultimately, obtaining a real democratic society. General procedure for the purpose of answering work, we have used the techniques of research: investigating secondary data and analysis on the contents of the main reports and studies of international organizations, such as World Bank- Human Development Report, European Lifelong Learning Indicators, the World Economic Forum and reports concerning the management of knowledge, education, and economic growth at the level of the member European Union. For analysis of the data were applied statistical methods and correlation analysis. The statistics show, the fact that, over time, the countries, the regions that have invested in education and training in the skills, took advantage and took advantage still from the economic point of view as well as the social these elections.