Manuela Tvaronavičienė

Department of Business Technologies and Entrepreneurship,

Vilnius Gediminas Technical University,

Vilnius, Lithuania

manuela.tvaronaviciene@vgtu.lt

Sustainable economic growth and innovative development of educational systems

Elena Tarkhanova

Institute of Finance and Economics,

University of Tyumen,

Tyumen, Russian Federation 

tarhanova333@mail.ru

Nino Durglishvili

Faculty of Social and Political Sciences,

Ivane Javakhishvili Tbilisi State University,

Tbilisi, Georgia

nino.durglishvili@tsu.ge

Abstract. This paper is focused on the issue how educational systems might increase the economic, innovative and business potential of the regional centres and contribute to the 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: June, 2017

1st Revision: September, 2018

Accepted: January, 2018

DOI: 10.14254/2071-8330.2018/11-1/19

JEL Classification: H4, I12, I24, R51

Keywords: education, sustainable development, educational systems, innovations, economic growth