Philosophy is the foundation of knowledge and it is the theory about education. In front of the philosophy of education stands a big task and responsibility to design a refinement and humanization of modern man, who, affected by the modern lifestyle, rapid and radical changes, the unstoppable transformation of social conditions caused by the rapid development of science and technology, might become separated from the fundamental human values and alienate from himself and his surroundings. It is extremely important for the scientific potentials, both at local and global levels, to be aimed at outlining the modalities of promoting education, i.e., directing the scientific potentials towards strengthening the education and knowledge as essential resources and a key driver of the economy in the knowledge society. The desire of man to find out who he really is and to understand the world in which he lives is an authentic, genuine human instinct, as old as mankind. The philosophic foundations or principles that underlie practice in vocational education, human resource development (HRD), and adult education can be used by education-for-work practitioners to guide reflection on existing practices, establish new practices, and create visions for future practice. Jessop B, Fairclough N and Wodak R (eds) (2008) Education and the Knowledge-Based Economy in Europe. Each influential social and economic entity sees its interest in recognizing the accomplished steps in the transformation of knowledge economy on the global and local level. We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Malden: Blackwell Publishers. The Knowledge Assessment Methodology and the Knowledge Economic Index enable analysis of structural indicators that show the degree of readiness of each country for efficient operation in the conditions of knowledge economy. New York: Cosimo Books. London: William Heinemann. These distinct but partially overlapping movements have in common the insistence that education and its philosophy are inevitably political and the impulse to reveal relations of power in educational theory and practice and to develop philosophical accounts of education that take full account of the values and interests of groups that have traditionally been excluded from educational thinking. Flecha R (1999) New Educational Inequalities, in:Castells M, Flecha R, Freire P, Giroux HA, Macedo D and Willis P: Critical education in the new information age. Philosophy is the basis of science and educational theory. Oxford: Oxford University Press. Zagreb: Tipografija. Kant I (2012) Kant on Education (Über Pädagogik). Cambridge: Polity Press. Hereupon, guided by basic humanistic, democratic, as well as European values, the European Union should pay special attention to the inclusion of all European citizens in the digital society. Baton Rouge: Louisiana State University Press. Hutchins RM (1964) University of Utopia. College for Elementary Teachers (M) Bahawalpur/QAED Bahawalpur. With the development of human civilization and culture, accumulated knowledge is transferred to future generations in expedient, meaningful  and organized way. Lanham: Rowman and Littlefield Publishers, pp. The results of the states that according to the terminology of the European Union belong to the Western Balkans are: 49-th place Serbia (KEI: 6.02), 70-th Bosnia and Herzegovina (KEI: 5.12). To state the point more clearly, Mango (2011) highlighted that philosophy of education played a central role by being interested in the views of the other foundations, as well as the various methods they used by employing the tools and techniques of philosophy. Social antagonisms and contradictions are numerous, deeply rooted in social life and multilayered. New York: Palgrave Pivot. Top-ranked countries according to the Knowledge Economic Index for 2012 are (World Bank, 2013): 1. With the industrial revolution, mankind stepped into industrial era (Stearns 2012), which enabled human civilization to grow, according to the criteria of that time, into a highly developed functional technological civilization. Countries in the European Union that have over 50 million inhabitants according to the Knowledge Economic Index for 2012 had the following results: 8-th place Germany (KEI: 8.90), 14-th place United Kingdom of Great Britain and Northern Ireland (KEI: 8.76), 24-th place France (KEI: 8.21), 30-th place Italy (KEI: 7.89). This comprehensive e-book details the history and philosophy of midwifery, how current midwifery theory and policies are developed, and the role of education and research in advancing the field. According to the famous American manager Thomas A. Stewart, there are three main principles characteristic of the knowledge economy: the progress and development of knowledge economy of each individual and social entity in a given economic ambient is based on the productive use of knowledge, as well as on constantly conceiving and implementing appropriate business strategies based on knowledge as a fundamental resource; the intellectual property represents a more important possession of a certain social or physical entity compared to the physical, and even to the financial resources which he has possesses; knowledge is basic carrier of the value of every single product that is created, sold or bought (Stewart 2003). According to such research, knowledge and education will represent a major resource and a key driver of the economy and the overall economic political progress within the future society. It always, either directly or indirectly, or less transparently, takes sides in terms of social turmoils. The most impressive and most influential theories within the broader scientific discourse concerning the dramatic socio-economic trends are concepts arguing that modern humanity has stepped into a new development era, the era of knowledge society founded on knowledge economy. Valorization of the progress, implementation of institutional preconditions necessary for effective adaptation of the subject to the conditions characteristic of the knowledge economy, as recommended by the World Bank Institute (WBI), is enabled by application of the Knowledge Assessment Methodology, as a fundamental economy resource (World Bank 2007), which specifies the Knowledge Economic Index. Education is one of the most important activities of creating of a community of individuals. Böhme G and Stehr N (eds) (1986) The Knowledge Society: The Growing Impact of Scientific Knowledge on Social Relations. Accordingly, the theoretical knowledge that students encounter in the teaching, is directly dependent on the need for practical application of knowledge and skills acquired in the educational process. Hutchins RM (1953) The Conflict in Education in a Democratic Society. Teachers are mentors and play an active role in inculcating independent thinking in students. Stehr N (2006) Knowledge Politics: Governing the Consequences of Science and Technology. Norway (KEI: 9.32). Knowledge is an integral part of the individual who possesses it and, accordingly, it is his inherent, essential attribute, i.e., immanent segment of his integrity. Cohen D (2008) Three Lectures on Post-Industrial Society. Faith in education, in fact, is a faith in man, in his intellectual potential, but this belief is accompanied by the belief in man as a humane creature that is able and ready to determine his own goals and priorities. 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