PATHS OF IMPLEMENTATION OF BALANCED AND SUSTAINABLE DEVELOPMENT IN THE CONDITIONS OF THE INFORMATION SOCIETY, KNOWLEDGE-BASED ECONOMY AND ECONOMY BASED ON WISDOM

Abstract

The study presents the need to implement balanced and sustainable development in the conditions of the information society, knowledge-based economy or wisdom-based economy as a synthesis of three leading paths – knowledge, wisdom, as well as balance and sustainability. The research so far shows that the implementation of this strategy most often takes place in mutual isolation, despite the merging of civilisation changes into a multidimensional system. The article points out the urgent need to combine modern civilisation's three most crucial development paths into one leading to sustainable and balanced development. System analysis and a critical examination of the literature were used. Researchers dealing with this issue often forget that the proper development of human civilisation must combine economic, social, ecological, and institutional aspects.