Promoting higher education for sustainable development: A theoretical concept
Dr. Chaya R
The highly educated workforce supports sustainable development in country’s economic growth and the skilled labor can be deployed flexibly, achieve high levels of productivity, apply existing technologies and engage in innovation. The low and middle income countries are assigning greater importance to higher education as a source of the scientific, technical and analytical skills needed for higher productivity and technological catch-up. As technology becomes more skill based and competitive pressures intensify, employees need more than a secondary education. Organizations must employ larger numbers of skilled workers with higher degrees to have desired results. The market demands for high skilled and highly educated employees for having innovation and creativity. This was to be expected given the current focus on innovation and intellectual capital across all business sectors, but skills issues have taken on wider corporate significance in a context of economic globalization. The argument that a knowledge-driven economy demands a larger proportion of the skilled workforce in order to meet the present market demands. Hence, the present study focuses on the importance of high skill and well-trained workforce with the help of higher education to have nation’s economic growth through sustainable development.