%0 Journal Article %T Knowledge Economy ¨C the Economy of the Future %A Emanoil Muscalu %A Ramona Todericiu %J Acta Universitatis Danubius : Oeconomica %D 2008 %I Danubius University %X In these times with strong changes, a so called ¡°knowledge revolution¡± is on the way and this designates the evolution from the primarily physical labour based economy to a predominantly knowledge economy. The entire world is dealing, in the dawn of this new century, the 21st one, with a series of major changes: social, economic and technological. Consequently, if the 2nd industrial revolution was initiated in the industry based on intensive production labour ¡°by the pioneers of automobiles such as Ford, it is clear that the 3rd revolution will take place in the economic sector of the knowledge based services." %K knowledge economy %K physical labour %K economic resources %U http://journals.univ-danubius.ro/index.php/oeconomica/article/viewFile/56/52