Causality among dual education, reducing unemployment and entrepreneurial initiatives of youth in the countries of the Western Balkans

Radović-Marković, Mirjana (2015) Causality among dual education, reducing unemployment and entrepreneurial initiatives of youth in the countries of the Western Balkans. In: Лидерство и организационно развитие: Leadership and organization development. Св. Климент Охридски, Sofia, pp. 10-19. ISBN 978-954-07-3946-5

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Abstract

The aim of this work is to point out the causality among education, employment and entrepreneurial initiatives of youth labour. The significance of this trinity, as well as establishment of their good coordination and harmonization, is reflected in the fact that recently published „EU development strategy until 2020. indicates reform of educational system as the priority goal and insists on the „ new knowledge for new professions“, development of private entrepreneurship and solving of high unemployment, which affects a great number of the European Union countries and beyond. In accordance with this, the author explains that there is a closer connection between educational institutions and business environment in the most developed countries, in which the youth unemployment rate is lower. Traditionally good professional education contributed to this to a great extent, helping in reducing of the youth unemployment rate, as well as all other categories of the unemployed persons also in the conditions of economic crisis and moderate economic growth. Unlike these countries, the countries of the Western Balkans are characterized by high youth unemployment rate, primarily resulting from insufficient connection between educational and scientific institutions and economic requirements. The opinion of the author of this thesis is that entrepreneurial education has to be the important component of economic strategy, which is directed to incitement of job creation and reduction of high unemployment rate. In further analysis of the issue of the youth unemployment, unfavourable environment for development of private sector and self-employment of the youth labour stands out. The author also singles out economic and financial crisis, putting them at the first place by their influence on high youth unemployment rate in the region. She gives them smaller significance due to the fact that the countries of the Western Balkans have found difficult to cope with high youth unemployment rate for several decades, this is, even before the beginning of the crisis at the end of 2008. According to her reviews, the auhtor concludes that the countries of the Western Balkans should focus on the reform of educational policy and improve business environment, which would facilitate the investments in the countries of the region, so that they could have greater success in solving the problem of long-term unemployment and social exclusion of the youth labour.

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