Article ID Journal Published Year Pages File Type
981444 Procedia Economics and Finance 2015 8 Pages PDF
Abstract

What is important for a nation: the innovation or the education? If a country has a high development index does not mean that excels in terms of education or the Global Innovation Index is going in the same direction. The same we can say about the unemployment fluctuation rate. The changes that followed the global financial crisis have redefined fundamentally life, values and people's behavior. The shortages occurred because of the economic collapse has larger social consequences, the risk of social exclusion has increased noticeably, the society suffered a loss of human resources. This may involve a high level of social exclusion which leads to increased social tensions. A nation with higher levels of social exclusion means a nation with a declining economy in which it can be readily seen a decreasing level of education, productivity and innovation, as well as an increasing unemployment rate. In this way, the most important thing is to commit to further efforts and resources to enhancing social inclusion policies. Thus, from the results of the analysis we will be able to anticipate the influence of Global Innovation Index (GII), the Index of Education (IE) calculated by The Economist Intelligence Unit at Pearson's request, and the unemployment rate (UR) on the Human Development Index (HDI).

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics