National Transformation in Saudi Arabia towards a Knowledge Economy
Dr. Wafa Mohammed Own, Hanan Homoud Mohammed Alharbi
Abstract
The relationship between knowledge and the economy is the eternal relationship existed since the practice of
human activities such as hunting and primitive agriculture. Knowledge is K_khasash underground rights owned
for as long as it had a prominent role in the economic process, which pays tribute to Adam Smith in his writings
contributions made by specialists The new layers of specialists in the production process through the integration
and use of the various useful economic knowledge that, as Frederick Friedrich List emphasizes the importance
of infrastructure and Educational institutions in the preparation and rehabilitation of operational powers through
the creation and dissemination of knowledge. It describes Cham Peter Joseph Schumpeter creativity as a key
driver of economic dynamism, and followed them in this trend many economists K. Galbraith, Qodwin, and
Hirschman. Thus, many communities transformed during the last three decades of the industrial societies rely
mainly on its activity on the exploitation and conversion of material resources of nature, to knowledge societies
based on production And the distribution of knowledge, and emerged with a new series based on the centrality of
valuing human knowledge element. Therefore, the discovery of the properties and the fact that these changes are
plaguing the global economy, and to study their effects on the activity of Almndmat has become a subject of the
utmost importance. Through the above float to the surface what is currently known landmarks knowledge-based
economy.
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