REFORMS IN HIGH EDUCATION AND THEIR INFLUENCE IN ECONOMIC DEVELOPMENT OF R. MACEDONIA
Education as an important social activity represents the basic capital of contemporary society and, as such, today is considered to be a major factor in the economic and social development of any country. The development of education during the transition period in our country has marked signi...
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Applied Management, Economics and Finance – MEF, Belgrade, University Business Academy in Novi Sad
2017-10-01
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| Series: | Journal of Process Management and New Technologies |
| Subjects: | |
| Online Access: | http://www.japmnt.com/images/volume5/Issue-4/7.%20REFORMS%20IN%20HIGH%20EDUCATION%20AND%20THEIR%20INFLUENCE%20IN%20ECONOMIC%20DEVELOPMENT%20OF%20R.%20MACEDONIA.pdf |
| Summary: | Education as an important
social activity represents the basic capital of
contemporary society and, as such, today is
considered to be a major factor in the economic and
social development of any country. The
development of education during the transition
period in our country has marked significant and
visible changes. The importance of education in the
economic and social development of each country
is one of the topics around the world discussed in
various aspects.
Investing in education is quite
remarkable, because it is an investment in
knowledge, technology, science - "brain drain", a
future investment and is one of the decisive factors
for today's socio-economic development with
current changes and current global development.
Due to education, in some countries are
made great scientific discoveries and technicallytechnological
revolutions, which have been crucial
to humanity in general. In fact, education is
knowledge and knowledge is the driving force
behind the overall development of a society.
World-renowned economists such as Adam Smith
and Alfred Marshall in the 18th and 19th centuries
were concerned with investment in education,
posing the question: How do investments in
education reflect in national wealth? And in
increasing the possibility for greater profits of
people as individuals! Although, even worldrenowned
economists have dealt with this issue,
which based on empirical data provided
explanations on the importance of mediation and
economic growth.
Considering that even developing and
newest technological innovations derive from the
process of educated individuals, it is very important
to consider the impact of higher education on
economic development. |
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| ISSN: | 2334-735X 2334-7449 |