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The role of education in economic development of the country


Altunina V.V., Altunina A.I.
(about the authors)

Altunina Varvara Viktorovna – (Immanuel Kant Baltic Federal University)

Altunina Anastasiya Igorevna – (National Research University – Higher School of Economics)

Published in:
Creative Economy
– Volume 13, Number 11 (November 2019)

JEL classification: I22, I25, I26, J24

Keywords: development of the country, education, human capital, investments in education, national economy


Citation:
Altunina V.V., Altunina A.I. (2019). The role of education in economic development of the country. Creative Economy, 13(11), 2159-2168. doi: 10.18334/ce.13.11.41367


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Abstract:

The role of human capital in the formation of the basis for economic development and stability of the country is mentioned often enough that scientists and researchers, politicians and people themselves will pay attention to this idea. It has become apparent that not only the legal framework, resources and production capacity, but also the people themselves play a significant role in the society development. Within the framework of such an important concept, there is a following valid factor: the education development and its accessibility to the general population. In this paper work, various aspects of the impact of education on the economy and its development will be considered, as well as an analysis and comparison of existing global trends in this area will be analyzed.








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