Abstract

Despite continuous efforts to reduce poverty on the global, national and communal levels the problem of closing the income gap remains serious. In this work, we analyze why the traditional infrastructure-based approach to development is becoming less effective. We have identified some features of the promising new approach, described in the collection of works "Self-Transformation of the Forgotten Four-Fifths" edited by Robert G. Dyck and Matjaz Mulej. The new approach could be applied in the information age when knowledge becomes a key variable of development.