EDUCATION AS A KEY DETERMINANT OF DEVELOPMENT AND FACTOR OF UNEMPLOYMENT REDUCTION

Journal Title: EMC Review: Časopis za ekonomiju i tržišne komunikacije - Year 2014, Vol 8, Issue 2

Abstract

Education is a key factor of economic development rate and effectiveness. Improvement and change of social relations mostly depend on human knowledge and educational level. Education has its important objectives – it increases social mobility, enables and eases the adaptation of individuals to constant social changes arising from more and more rapid scientific development. Education can be seen from two aspects: acquiring new knowledge and applying it in practice. Poor education is not the only reason for unemployment; however, it is the fact that there is a strong correlation between these two phenomena and that education plays a significant role in reduction of unemployment. Transitional processes have resulted in massive changes in the structure of employment. Economic pressure and unstable market have forced numerous organisations to resort to more flexible forms of employment. Vulnerable groups that are exposed to unemployment more than others and hence translocated to inactive population have also been registered. Among others, the vulnerable groups include elderly employees, low-qualified persons, workers with obsolete skills etc. A lot of attention has been recently paid to the issue of equality in education. It is necessary to make sure that personal and social circumstances such as social and economic status, age or ethnic background are not an obstacle to realisation of educational potentials. The present difficult situation in terms of work and employment i.e. unemployment is manifested in practice by difficult position of workers who have lost their jobs. According to many analyses, they can get a new job only through retraining, which relevant institutions should pay more attention to. Another problem is elderly workers who have lost their job and who have slender chances for getting a new one.

Authors and Affiliations

Helena Lajšić, Maja Janjetović, Radoja Janjetović

Keywords

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  • EP ID EP341607
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How To Cite

Helena Lajšić, Maja Janjetović, Radoja Janjetović (2014). EDUCATION AS A KEY DETERMINANT OF DEVELOPMENT AND FACTOR OF UNEMPLOYMENT REDUCTION. EMC Review: Časopis za ekonomiju i tržišne komunikacije, 8(2), 238-259. https://europub.co.uk/articles/-A-341607