ROLE OF HUMAN CAPITAL FORMATION IN ECONOMIC DEVELOPMENT
The paper highlights the role of education in the growth of economic competitiveness and efficiency of human capital, in accordance with the quality of education and investments in human resources, in order to enhance labour productiveness. The paper starts by a brief analysis of Romania’s educa...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2013-12-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| Subjects: | |
| Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2013-06/34_Tanase.pdf |
| Summary: | The paper highlights the role of education in the growth of economic competitiveness and efficiency of
human capital, in accordance with the quality of education and investments in human resources, in order to
enhance labour productiveness. The paper starts by a brief analysis of Romania’s educational system, by
comparison with the EU countries, analysing the number of high school students / college students per teacher,
the percentage of education expenditure in the GDP, the correlation between the labour force’s training level
and insertion into the labour market. The paper also presents the EU countries’ ranking related to higher
education and professional training, pointing out the importance of lifelong professional training at the place of
work. The paper draws conclusions regarding the importance of the labour force training, as the operation of a
modern economy requires the existence of a well-trained labour force, education representing one of the
fundamental pillars of any society’s development. |
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| ISSN: | 1844-7007 1844-7007 |