Manuela Tvaronavičienė

Department of Business Technologies and Entrepreneurship

Vilnius Gediminas Technical University, Vilnius, Lithuania

Email: manuela.tvaronaviciene@vgtu.lt

Sustainable economic growth and development of educational systems

Anatoly Shishkin

Plekhanov Russian University of Economics

Moscow, Russian Federation

Email: shishkin.av@rea.ru

Peter Lukáč

Faculty of Social Sciences,

University of Ss. Cyril and Methodius in Trnava

Trnava, Slovakia

Email: plukac@me.sk

Nataliia Illiashenko

Department of Marketing and Management of Innovation Activity,

Sumy State University

Sumy, Ukraine

Email: nat.illiashenko@gmail.com

Sergii Zapototskyi

Taras Shevchenko National University of Kyiv

Kyiv, Ukraine

Email: zapototsk@ukr.net 

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.

Received: April, 2017

1st Revision: August, 2017

Accepted: October, 2017

DOI: 10.14254/2071-8330.2017/10-3/21

JEL Classification: H4, I12, I24, R51

Keywords: education, educational systems, innovations, structural funds, economic growth