2017
DOI: 10.7595/management.fon.2017.0003
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The Role of Higher Education in National Quality Infrastructure Policy-Making

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“…As Ignjatijević, Raičević & Đorđević (2011) indicated in earlier researches "education is in the function of human and sustainable development with calculated effects on the increase of labour productivity", and investment in education should be understood as investment into the future. That is why it is wrong to treat educational expenses as current, expenditures for prosperity and spending resources that decrease savings (Lutovac, 2009;Ruso et al, 2017;Hava & Erturgut, 2010). It pays off to invest in education on an individual level, however economic viability of investing in education on a larger scale depends on the compatibility of educational institutions and the labour market, quality of acquired knowledge and the possibility to put that knowledge and skills to use (Pastuović, 2012).…”
Section: Introductionmentioning
confidence: 99%
“…As Ignjatijević, Raičević & Đorđević (2011) indicated in earlier researches "education is in the function of human and sustainable development with calculated effects on the increase of labour productivity", and investment in education should be understood as investment into the future. That is why it is wrong to treat educational expenses as current, expenditures for prosperity and spending resources that decrease savings (Lutovac, 2009;Ruso et al, 2017;Hava & Erturgut, 2010). It pays off to invest in education on an individual level, however economic viability of investing in education on a larger scale depends on the compatibility of educational institutions and the labour market, quality of acquired knowledge and the possibility to put that knowledge and skills to use (Pastuović, 2012).…”
Section: Introductionmentioning
confidence: 99%