Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie (Mar 2015)
EFFECTS OF HIGHER EDUCATION ON GLOBAL COMPETITIVENESS: REVIEWS IN RELATION WITH EUROPEAN COUNTRIES AND THE MIDDLE EAST COUNTRIES
Abstract
The aim of this study is investigate the effects of higher education on global competitiveness One of the most widely accepted definition of global competitiveness is in the form of " efficiency level encompassing all of the institutions that will ensure sustainable growth in a country, policies and factors of production". Therefore the competitiveness of a country depends on the factors such as; The level of development of R & D activities and productivity, performance of various sectors, the country's trade surplus, producing goods hosting high-tech in their nature, availability of expert and skilled labor force. But one of the main points in the realization of these factors is the quality of the higher education. Higher education has an important role in the formation of qualified labour. And the qualified labour carries the competitiveness firstly of the sector and then of the country up to higher ranks by increasing the performance and productivity of the companies. The study will be discussed in the following way: firstly the context of the global competitiveness will be mentioned, secondly, the role and importance of higher education will be put forth by explaining the basic determinants of competitivenes particularly within the World Economic Forum Global Competitiveness Index. Finally, assessments will be made in relation with the situation of higher education in global competitiveness in European countries and Middle Eastern countries.