PUBLIC EDUCATION AND ECONOMIC COMPETITIVENESS

Abstract

There is a certain connection between education and economic competitiveness. The relation between these two concepts is easy to intuit. On the medium and long term investments in education generate astrong increase in a country’s level of economic competitiveness. Through education the human capital is formed, and it affects all economic fields. Therefore we can observe that human capital has a decisive influence on the economic competitiveness of a country.

Keywords

• Investments
• education
• economic competitiveness
• public goods