Urban infrastructure development in a global knowledge-based economy

Abstract

The challenge of globalization process is the emergence of “new economy” in which the knowledge-based economy is of great importance. The factor of the knowledge-based economy is growing under the influence of scientific and technological revolution and involvement in globalization. The article analyzes the relationship of changingtechnological paradigms of social-economic development with sustainable development of urban infrastructure. The challengesof the Sixth (according to the classification of S. Yu. Glaziev)paradigm of the technological revolution with widespread introduction of digitalizationare specified. Up-to-date aspects of management of urban infrastructure development with use of “Smart City” advanced intellectual information technologies are considered. The study provides a reinterpretation of modern methods of management of urban infrastructure development in connection with the emergence of digital information and communication technologies. Knowledge management, including human capital assets management, representing the creative potential of people, plays an important role for “smart management”. It is proved that intellectual resources have greater value and competitive advantages than material resources. It is justified that with the development of globalization and digitalization of society, sustainable development of urban infrastructure is based on the use of knowledge-based capital.

Global Challenges of the Modern Paradigm of Economic Development

“…The emergence of the main innovations of new technological reality in form of information and telecommunication technologies, digital communication networks and virtual reality put on different scales the advantages and disadvantages of the digital economy, selectively presented in Figure 4. Digitalization satellites on global scale are the Internet of Things and smart cities, open source public access platforms, cloud information technologies, dynamic capitalization of Internet business and info-business, increase in the volume of financial assets and the emergence of their new forms (digital assets), predictive software events providing, increasing the influence of "new media" and much more [12][13][14].…”

Methodology Of Quality Economy In The Knowledge Space

“…Intangible worth based on intangible assets -is economy's foundation. Added cost in conditions of knowledge economy forms as a result of using intellectual factors, instead of traditional production factors (Sycheva et al, 2020;Zhang et al, 2019). The specific weight of intellectual capital in the structure of national wealth different regions of the world varies from 43% to 76%, in Japan, Germany and Sweden it reaches 80%.…”

Typology Of Modernization And Economic Development Of Modern Russian Society

“…Both development and modernization embody change and movement. But development can be defined as movement from simple to complex, which is characterized by set of quantitative and qualitative directed transformations of system that represents humanity as a whole or a certain part of human community that has its own velocity vector (Sycheva et al, 2020). Besides that, considering this category in relation to Russia, it is necessary to specify which of the changes in economic, social, and political life can be interpreted as development.…”