KNOWLEDGE AS AN ESSENTIAL FACTOR OF HUMAN CAPITAL AND A KEYFACTOR FOR SUSTAINABLE DEVELOPMENT

Journal Title: EMC Review: Časopis za ekonomiju i tržišne komunikacije - Year 2014, Vol 7, Issue 1

Abstract

The history of mankind is composed of cognition and knowledge. On these grounds, life is composed and the foundations of the sustainability of the material world are built, as well as movement towards success and development. The main goal of knowledge is crowned with lifelong learning, and knowledge as an intellectual capital has become a guarantee of survival, progress, prosperity and prospects. Through cognition, continuous and permanent experience, management is created. Thanks to its visions, missions and strategic goals, management directed and led organizations, institutions and societies towards progress and sustainable development. Sustainable development could not remain at the same level, and through intellectual capital it made a different success depending on the established goals. Lifelong learning and education have enabled development and “produced” the educational product which displayed various levels of efficiency and productivity by their constant, diligent and devoted work. In order to increase the productivity and its creativity, the educational management has made the greatest impact.During the years of work, the educational management will develop into science and art. The results of this will be recognition of intellectual capital as well as the essence of knowledge. That will make progress in every aspect, especially in the economic development and growth. The aim of knowledge will be progress and prosperity of society which will have great skills, capacities, flexibility, adaptability, mobility and ICT. The global processes will greatly help the realization of this despite the different attitude towards it because they can be monitored in the simpliest and most consistent way through political, social and economic developments in all areas.Therefore, life-long learning which incorporates the knowledge and cognition requires investment of all available resources of human capital and physical capital leading to success and sustainable development. Thus, teaching and learning is the imperative.The education of youth on the institutions established by the system and organized in school systems on all levels doesn’t have an alternative. First and foremost, aims and objectives, and the content of education for sustainable development should be compatible with the needs of the economic, political, educational, cultural environment and other (external aims of education), and the demands of social reality,then innovated educational methods and the types of work that are part of education for Sustainable Development. Keywords: lifelong learning, educational policy, educational management, educational production, sustainable development

Authors and Affiliations

Muharem Dautović

Keywords

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  • EP ID EP342084
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How To Cite

Muharem Dautović (2014). KNOWLEDGE AS AN ESSENTIAL FACTOR OF HUMAN CAPITAL AND A KEYFACTOR FOR SUSTAINABLE DEVELOPMENT. EMC Review: Časopis za ekonomiju i tržišne komunikacije, 7(1), 154-162. https://europub.co.uk/articles/-A-342084