Abstract: Information and knowledge are two important entities, which make up present stage of globalization, based mostly on their dynamics. This paper is providing an overview of information and knowledge in global context, highlighting the importance of information society that turned into knowledge society in the beginning of the 21 century, being driven by Internet – the latter, as part of globalization process. Modern economic theories recognise the importance of information in economic process because its impact on globalization process in economy was essential, and change the way how markets and companies work and represent the key factor of new era of economic development. This paper presents main results from available literature about the relationship between information, knowledge and economic theory in a global conterxt and finally explained the benefits of the knowledge economy to all countries.
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