Resources of Innovative Development of Region in the Conditions of Formation of Knowledge Economy

Abstract

The article presents the results of a study of the mechanism of development of economic systems and its core resources – labour, land, capital and business ability. Estimates were made while taking into account imposed limitations on market forces’ actions, the influence of knowledge as an economic factor was also taken into account. It’s also proven the growing influence of intellectual part at knowledge economy and relocation of science and innovation to the center of development’s regulation (that covers regions as well). Process of reorganization of sectors around knowledge production and restricting state’s and regions’ economies around sphere of information distribution is shown. The hypothesis on emerging of contradictions within one factor (labour) in different economic sectors – between labour in real and financial sector – is brought forward. Contradictions inside labour factor are connected to its intellectualization and changed in investments’ form - placement of funds into knowledge. The new process of knowledge reproduction is described. Results of this research can be used in processes of economic theory methodology development and in region’s economic policy realization.

DOI: 10.5901/mjss.2015.v6n3s7p345