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Impact of Education on Sustainable Economic Development in Emerging Markets—The Case of Namibia’s Tertiary Education System and its Economy

Author

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  • Moritz Jellenz

    (Institute of International Management, University of Applied Sciences FH Joanneum, 8020 Graz, Austria)

  • Vito Bobek

    (Institute of International Management, University of Applied Sciences FH Joanneum, 8020 Graz, Austria)

  • Tatjana Horvat

    (Faculty of Management, The University of Primorska, 6000 Koper, Slovenia)

Abstract

The research’s fundamental investigation elaborates on interactions between tertiary educational factors and Namibia’s sustainable economic development. Sequential mixed-research-method guides the investigation towards its results: A quantitative statistical data analysis enables the selection of interrelated educational and economic factors and monitors its development within Namibia’s last three decades. Subsequent qualitative interviews accumulate respondents’ subjective assessments that enable answering the fundamental interaction. Globally evident connections between a nation’s tertiary education system and its economic development are partially confirmed within Namibia. The domestic government recognizes the importance of education that represents a driving force for its sustainable economic development. Along with governmental NDP’s (National Development Program) and its long-term Vision 2030, Namibia is on the right track in transforming itself into a Knowledge-Based and Sustainable Economy. This transformation process increases human capital, growing GDP, and enhances domestic’s living standards. Namibia’s multiculturalism and its unequal resource distribution provoke difficulties for certain ethnicities accessing educational institutions. Namibia’s tertiary education system’s other challenges are missing infrastructures, lacking curricula’ quality, and absent international expertise. The authors’ findings suggest that, due to Namibia’s late independence, there is a substantial need to catch up in creating a Namibian identity. Socioeconomic actions would enhance domestic’s self-esteem and would enable the development of sustainable economic sectors. Raising the Namibian tertiary education system’s educational quality and enhancing its access could lead to diversification of economic sectors, accelerating its internationalization process. Besides that, Namibia has to face numerous challenges, including corruption, unemployment, and multidimensional poverty, that interact with its tertiary education system.

Suggested Citation

  • Moritz Jellenz & Vito Bobek & Tatjana Horvat, 2020. "Impact of Education on Sustainable Economic Development in Emerging Markets—The Case of Namibia’s Tertiary Education System and its Economy," Sustainability, MDPI, vol. 12(21), pages 1-26, October.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:21:p:8814-:d:433764
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    References listed on IDEAS

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    1. Ryan Merlin Yonk & Vito Bobek (ed.), 2020. "Perspectives on Economic Development - Public Policy, Culture, and Economic Development," Books, IntechOpen, number 6357.
    2. Dirsehan, Taşkın & Can, Ceren, 2020. "Examination of trust and sustainability concerns in autonomous vehicle adoption," Technology in Society, Elsevier, vol. 63(C).
    3. Ozturk, Ilhan, 2001. "The role of education in economic development: a theoretical perspective," MPRA Paper 9023, University Library of Munich, Germany.
    4. Alexei Yumashev & Beata Ślusarczyk & Sergey Kondrashev & Alexey Mikhaylov, 2020. "Global Indicators of Sustainable Development: Evaluation of the Influence of the Human Development Index on Consumption and Quality of Energy," Energies, MDPI, vol. 13(11), pages 1-13, June.
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    Cited by:

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    2. Messiah Abeku Morgan & Godwin Kwame Aboagye, PhD, 2022. "Teachers’ Classroom Management Practices: Predictors of Students’ Interest in Physics," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(9), pages 643-655, September.
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    4. Marco Marto & João Lourenço Marques & Mara Madaleno, 2022. "An Evaluation of the Efficiency of Tertiary Education in the Explanation of the Performance of GDP per Capita Applying Data Envelopment Analysis (DEA)," Sustainability, MDPI, vol. 14(23), pages 1-20, November.
    5. Ali M. Al-Bahi & Mohamed S. Abd-Elwahed & Abdelfattah Y. Soliman, 2021. "Implementation of Sustainability Indicators in Engineering Education Using a Combined Balanced Scorecard and Quality Function Deployment Approaches," Sustainability, MDPI, vol. 13(13), pages 1-28, June.
    6. Marta Cholewa-Wiktor, 2021. "The Concept of Sustainable Development in the Curriculum of the Medical Universities in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 72-86.

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