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Challenges for Higher Education in the Context of Europe 2020

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  • Manuela Unguru

Abstract

One goal of Europe 2020 Strategy is to increase the share of higher education to 40% of the population 30-34 years old, but the gap at EU27 level is 7 percentage points, with important differences among EU member states. Romania is also lagging behind, but if one looks at the population 20-24 years old, 91% of them have a tertiary education degree. More educated people would contribute to productivity gains and finally to economic growth. Thus, education policies should adapt in order to adress the labor market challenges and to ensure succesful insertion on the labor market and high returns of investment in education, both individual and public. Reaching the Europe 2020 objectives implies increase the returns on education, by improving the effectiveness of education process. Among the challenges of education policies there are better adapted curriculum to labour market needs, higher involvement of the employers and adjustment of financing models with respect to the higher education market and its determinants.

Suggested Citation

  • Manuela Unguru, 2012. "Challenges for Higher Education in the Context of Europe 2020," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 4(3), September.
  • Handle: RePEc:iem:journl:v:4:y:2012:i:3:id:2822000008747115
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    File URL: http://www.iem.ro/rem/index.php/REM/article/view/74/60
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    More about this item

    Keywords

    higher education; Europe 2020;

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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