Sustainable economic growth and development of educational systems

Abstract

This paper is focused on the issue how educational systems might increase the economic and business potential of the regional centers and contribute to the innovations and sustainable economic development. Rapidly growing economies are marked by social fragmentation and economic divisions but have the potential to become the drivers for shrinking social divisions and creating opportunities for all the citizens. Carefully designed educational policies becomes a solution for most of the economic and social problems by offering formal and non-formal educational activities. Policy-makers in the educational realm learn to engage with the realities of social exclusion, political alienation, and economic marginalization – through both public policy and private initiatives. Educational initiatives and policies across might include carefully orchestrated public policies, spending the money from the structural funds all aimed at stabilizing communities and establishing cooperation and integration, non-formal educational initiatives to reduce marginalization, or expansion of the formal school system aimed at raising aspirations.