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In: Economics

In 1000 words explain the role of higher education in society and describing the applicant’s ideas...

In 1000 words explain the role of higher education in society and describing the applicant’s ideas for expanding access to a wider range of demographic groups.

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Expert Solution

Higher education roles in sustainable economic and social development are increasing year after year, and this will continue in the coming decades. Higher education can be seen as a focus of knowledge and its application, an institution that contributes greatly to economic growth and development by fostering innovation and enhancing skills. It is seen as a way of enhancing quality of life and addressing major social and global challenges. Higher education is widely described as one of the main drivers of development, prosperity, and competitiveness.

Higher education provides an chance for a individual to succeed in the global economy of today. Modern universities provide their learners with numerous programs directed at preparing them for distinct financial industries, helping them remain and make lengthy strides on the labor market, programs that make a difference to the results of the labor market and maintain pace with changes in the global economy and changes in the process of development. Universities encourage lifelong learning; they give possibilities for training and professional development to participate and attract experts.

Over the past decade, business has altered, vibrant procedures occur in a variety of situations and landscapes. Today, there are many jobs that have not existed several decades ago. The nature of the job is changed by technology. The employee skill demands have also altered. Higher education organizations ensure the significance of their expertise, identify skill gaps, create unique programs and build the correct abilities to assist nations enhance financial prosperity and social cohesion, adapt the development of the workforce to the economy and change the demand for fresh abilities, develop appropriate abilities and activate the supply of skills and thus promote productivity enhancement.

Higher education is a technology and innovation driver. One of the missions of the modern universities is finding solutions to big challenges and conducting research within global priority areas, contributing to social outcomes such as health and social engagement. Often it is aimed at designing technologies that result in new products and supplying advanced technology for use.

Knowledge is the true basis of higher education: its production via research, its transmission via teaching, its acquisition and use by students. Hence, excellence must remain the prime objective of any institution of higher education, including universities in any country

Countries are putting knowledge at the service of their societies to create a better world. This can be achieved through the training of first-class minds, through major advances in science and technology and by encouraging an interest in learning. Now, to realize its full potential, higher education is to maintain a pro-active stance, strengthen its position as a bedrock upon which countries are and build a new road to growth. It cannot be passive.

Employers expect to enter their government or private organisations with a graduate and a fresh hiree and be able to add value instantly. They expect the hiree to learn rapidly how the organisation operates and to be able to work well to create a beneficial difference in that context. They also expect the hiree to comprehend the dynamics of complicated organisational structures and apply the expertise to construct a strong, wide-ranging and adaptive understanding of the organisation with analytical abilities and higher-order reasoning.

We also need to improve our agility in ways that expand access and use our tradition's key strengths: teaching, learning, scholarship, creative work, research, and the capacity to transform life. We need to prepare the learners of today to take on management positions. We need to build a tighter and more committed link across the career span between graduates and the continuing instructional and research work of colleges and universities. Technology will play a major role in achieving these aspiring but increasingly essential objectives.

Higher education was once a safe path to high-skill, high-wage employment. But for more than one in five young individuals entering university, but failing to finish their degrees, this path does not happen.

We must guarantee that young individuals are well educated about their choice of courses and are endorsed in completing their degrees.

The results of the labor market for tertiary-educated youth are far better than those without skills or early school leavers, but many still often struggle to achieve a safe footing on the labor market.

In relation to the high-level abilities embodied in the human capital of nations and regions, external pressures are manifested in a multitude of forms, including financial changes and the nature of the labor market, demographic trends and interest-group requirements and expectations, and are largely linked to the concept of higher education as an tool for achieving certainty. As a consequence of these internal pressures, governments around the globe have implemented several courageous reforms to modernize HE in order to increase effectiveness

The role and function of education is determined by social and natural circumstances. The most prominent feature of education in the relationship between education and society is its communal side. For education to work well, the social context is essential. Complete each other with society and education. Without education, society can not continue and vice versa. By starting from his / her family, education affects not only the person being educated, but also the entire community. In other words, the responsibility of academic and educational organizations that have certain tasks in the community is to raise enough effective individuals for a more prosperous society.

The growth of the community is an general growth. In this regard, the education system and economy are two social institutions that are strongly linked. Schools as an significant element of the education scheme provide education and personality training that allows financial progress and development of the society.

Community development and change are particularly linked to education and training in order to identify social problems and provide citizens with democratic information on these issues

Educational facilitites are important due to two reasons: First, it is to prevent people from falling behind changing social and economic conditions. Second, it is to develop and change the community by restraining these conditions. The main duty of institutions in almost every community is to sustain the existence and maintenance by regulating the relations. While determining the educational objectives, it is crucial to pay attention to individual and socio-cultural aspects and to take social efficiency criteria into consideration.


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