The Knowledge Basis of Development of Economic Systems in the Conditions of New Economy Formation

The article deals with the role of knowledge in the development of micro- and macroeconomic systems in the new economic realities. The author examines the forms of knowledge in the organization, gives a detailed description of them. It is emphasized that knowledge can be formed not only in knowledge-intensive and high-tech industries. At the same time, there is a two-way dependence: knowledge acts as both a resource and a product with its specific properties. The article describes 4 stages of knowledge circulation, gives the characteristics of the conditions without which the circulation cannot be fully implemented. The author highlights the main tool of knowledge formation-the national innovation system and indicates the balance of its basic elements: the state, science, education and business. In conclusion, the importance of knowledge in the processes of economic development is emphasized.