Knowledge-based economic development of Iran: Mitigating sanctions and enhancing national competitiveness

The knowledge economy is an economic system in which the production of goods and services is based principally on knowledge-intensive activities that contribute to advancement in technical and scientific innovation. A knowledge-based economy is a kind of economy without limitations. This study studi...

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Main Authors: Ismael Rezaeinejad, Sergey N. Lavrov, Alexander G. Simonov
Format: Article
Language:English
Published: Peoples’ Friendship University of Russia (RUDN University) 2023-12-01
Series:RUDN Journal of Economics
Subjects:
Online Access:https://journals.rudn.ru/economics/article/viewFile/37314/22986
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author Ismael Rezaeinejad
Sergey N. Lavrov
Alexander G. Simonov
author_facet Ismael Rezaeinejad
Sergey N. Lavrov
Alexander G. Simonov
author_sort Ismael Rezaeinejad
collection DOAJ
description The knowledge economy is an economic system in which the production of goods and services is based principally on knowledge-intensive activities that contribute to advancement in technical and scientific innovation. A knowledge-based economy is a kind of economy without limitations. This study studies the prospects of Knowledge Economy in Iran. In recent years, the scope of innovative activity and the necessity of a knowledge economy in Iran has grown. However, this study shows that knowledge development alone is not efficient: it is useful only when knowledge is being generated and applied in a real business environment. Iran would probably benefit as well in the case the expertise of national academia and business community is used more intensively; otherwise, it would grow vulnerable if the foreign innovative technologies were only used. Under the current circumstances, Iran, dealing with ever-expanding sanctions, should be seeking opportunities to commercialize its domestic researches and developments.
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spelling doaj.art-517f8a46eeb44fecbe7e88e9d3a8a5f02024-01-09T08:58:38ZengPeoples’ Friendship University of Russia (RUDN University)RUDN Journal of Economics2313-23292408-89862023-12-0131481482910.22363/2313-2329-2023-31-4-814-82921037Knowledge-based economic development of Iran: Mitigating sanctions and enhancing national competitivenessIsmael Rezaeinejad0Sergey N. Lavrov1Alexander G. Simonov2RUDN UniversityRUDN UniversityRUDN UniversityThe knowledge economy is an economic system in which the production of goods and services is based principally on knowledge-intensive activities that contribute to advancement in technical and scientific innovation. A knowledge-based economy is a kind of economy without limitations. This study studies the prospects of Knowledge Economy in Iran. In recent years, the scope of innovative activity and the necessity of a knowledge economy in Iran has grown. However, this study shows that knowledge development alone is not efficient: it is useful only when knowledge is being generated and applied in a real business environment. Iran would probably benefit as well in the case the expertise of national academia and business community is used more intensively; otherwise, it would grow vulnerable if the foreign innovative technologies were only used. Under the current circumstances, Iran, dealing with ever-expanding sanctions, should be seeking opportunities to commercialize its domestic researches and developments.https://journals.rudn.ru/economics/article/viewFile/37314/22986knowledge economyiranworld economysanctionseconomic systemmacroeconomicsnational competitiveness
spellingShingle Ismael Rezaeinejad
Sergey N. Lavrov
Alexander G. Simonov
Knowledge-based economic development of Iran: Mitigating sanctions and enhancing national competitiveness
RUDN Journal of Economics
knowledge economy
iran
world economy
sanctions
economic system
macroeconomics
national competitiveness
title Knowledge-based economic development of Iran: Mitigating sanctions and enhancing national competitiveness
title_full Knowledge-based economic development of Iran: Mitigating sanctions and enhancing national competitiveness
title_fullStr Knowledge-based economic development of Iran: Mitigating sanctions and enhancing national competitiveness
title_full_unstemmed Knowledge-based economic development of Iran: Mitigating sanctions and enhancing national competitiveness
title_short Knowledge-based economic development of Iran: Mitigating sanctions and enhancing national competitiveness
title_sort knowledge based economic development of iran mitigating sanctions and enhancing national competitiveness
topic knowledge economy
iran
world economy
sanctions
economic system
macroeconomics
national competitiveness
url https://journals.rudn.ru/economics/article/viewFile/37314/22986
work_keys_str_mv AT ismaelrezaeinejad knowledgebasedeconomicdevelopmentofiranmitigatingsanctionsandenhancingnationalcompetitiveness
AT sergeynlavrov knowledgebasedeconomicdevelopmentofiranmitigatingsanctionsandenhancingnationalcompetitiveness
AT alexandergsimonov knowledgebasedeconomicdevelopmentofiranmitigatingsanctionsandenhancingnationalcompetitiveness