Abstract:

As we witness a chain of current realities and trends, in this important turning point forward, a new focus became obvious: the reinstatement of the human being in center of global significance issues. The education is a way of forming an attitude of openness and adaptability, to the international organization, because the whole life is learning, therefore education should not end. In this regard, the European market focuses on well-prepared workforce, mobility, flexibility and re-employment. This workforce, human resource is the product of the education system. The higher education has to respond effectively to rapid changes in the external environment, in order to fit the new requirements. National agendas focus more on higher education policies. A wide dissemination in a global knowledge economy is due to the fact that higher education is a major contribution to economic competitiveness, which made the quality tertiary education to become an ever more important objective in both developing countries as well as in the industrialized ones.

In the present approach, we will analyze concretely, based on the indicators of education, mathematical models and graphical methods and we will investigate quantitatively whether the investment in education, especially in higher education, will lead to a welfare throughout life. This fact should have as a result an increase of the productivity level, which would be translated into a corresponding increase in revenues.

Keywords:

Competitiveness, economic development, higher education, human capital, investment.