The Role of Science and Technology Diplomacy in Solving Knowledge-based Firms Challenges

In recent years, traditional economy replaced with knowledge-based economy in which knowledge, innovation and technology are key determinants of economic growth and wealth creation for countries. Knowledge-based firms which have important role on GDP growth and added value for countries are known as heart of knowledge-based economy. Therefore, solving Knowledge-based firms challenges become more important in decision and policy making. On the other side, science and technology diplomacy is an emerging form of international diplomacy for facing with challenges which science and technology have important role on them. Science and technology diplomacy means using of science and technology capacities to achieve foreign policy objectives and using of diplomacy capacities to advance science and technology. In this study, knowledge-based economy characteristics’ are reviewed, and then knowledge-based firms challenges in terms of innovation system, weak research and development, disproportionate human resource development, inappropriate economic and commercial environment and sanctions are introduced based on library research. Then, based on latent capacity of science and technology diplomacy, numbers of solutions are presented.