NETWORKING IN KNOWLEDGE ECONOMY (PART I) Piotr Pachura, Associate Professor PhD Czestochowa University of Technology piotrpachura@o2.pl ABSTRACT: Networking and network process are one of the most inspiring theory in socio- economic science during last years – when knowledge and information are most important. An economy based on knowledge is one directly based on production, distribution and the use of knowledge and information. The notion of a knowledge-based economy should be understood first and foremost, as the definition of a modern stage of economic development, where knowledge is understood as the ability to act and play a decisive role in stimulating social and economic development. Keywords: networks, knowledge economy, innovations, regional development JEL Codes: B41, C80, O30