@article{
author = "Marković, Dušan Z. and Mlađan, Mrđan M.",
year = "2017",
abstract = "Following the recent wave of globalization, the possession of different types of
knowledge became even more important for economic development than the
possession of physical resources. The ability of a society to adopt existing and
create new knowledge thus gained fundamental importance for its wellbeing. In
this paper, we identify important aspects of the relationship between education,
creation of knowledge, economic growth, as well as both material and immaterial wellbeing of a society. We describe potential problems that prevent societies
from maximizing the benefit from the effort its members invest in acquiring
knowledge. The problems of failure of the national markets for education as well
as the global migrations which lead to drain of knowledge towards economically
highly developed countries are especially analyzed. In the long run, they lead to
a decline in both national competitiveness and different aspects of the immaterial wellbeing. As the basis for solving these problems we propose a combination
of economic theory and the concept of solidarity between more and less developed countries, individuals and societies of their origin, respecting the free will of individuals.",
publisher = "Beograd : Institut za filozofiju i društvenu teoriju",
journal = "Filozofija i društvo/Philosophy and Society",
title = "Značaj znanja za blagostanje društva u savremenom svetu, The Importance of Knowledge for Wellbeing of Society in the Contemporary World",
number = "4",
volume = "28",
pages = "1136-1159",
doi = "10.2298/FID1704136M"
}
