EDUCATION LEVEL OF HUMAN CAPITAL IN THE CONTEXT OF COMPETITIVENESS

Carmen Georgiana Badea () and Petrica Sorin Angheluta
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Carmen Georgiana Badea: The Bucharest University of Economic Studies, Romania,
Petrica Sorin Angheluta: The Bucharest University of Economic Studies, Romania,

Annals of Faculty of Economics, 2015, vol. 1, issue 2, 644-650

Abstract: The development of human factor in order to support the increase of the competitiveness of the manpower involves the existence of an effective system of qualification. This qualification system needs to be developed in accordance with the actual and dynamic requirements of the manpower. Initially, the development of the human factor takes place both in school and in the family. Afterwards, at the same time with the entry of individuals into the labour market, the human capital development happens within the organization in which the individual works, but also through the individual study. Achieving a competitive economy, based on knowledge, involves individuals with a high level of training, which can provide innovative solutions to current technological challenges. This article presents the educational level of the population and its importance in enhancing competitiveness. It is also presented the situation of the expensed regarding the education. The labour market is characterized by high dynamics. A contribution to this dynamic is given by technological advances, by the demographic changes and by the globalization. Entrepreneurial education is becoming more important and has a greater role in terms of competitiveness of an economy. This article presents some aspects on entrepreneurial skills. The skills that individuals have some form of education after graduation will not be sufficient on their careers. It appears as a must need for entrepreneurial skills training and further training throughout life. In this regard, the development of partnerships between organizations and educational institutions is a viable solution.

Keywords: human capital; competitiveness; entrepreneurship; education and training (search for similar items in EconPapers)
JEL-codes: J24 P46 (search for similar items in EconPapers)
Date: 2015
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