The use of transferable skills in education and its impact on the economy

The purpose of the study is to determine and analyze the root cause of the problem, which prevents students from developing and implementing transfer skills. In the research, using secondary data, public documents and content analysis methods, current changes in the education system are studied and analyzed. In addition, in order to discuss the current situation in the Georgian educational market and to study the factors of the internationalization process in Georgia, a PESTEL analysis was conducted, within the framework of which the political, economic, social, technological, ecological and legitimate factors determining the attractiveness of Georgia for foreign students were identified. The topic is relevant because the rhythm of modern life depends on transfer skills. And the current events encourage and make inevitable the emergence of young people who can use their knowledge independently in the economy and culture. By teaching effective transferable skills, it is possible not only to correct an un-sustainable situation, but also to achieve strong and stable demand, productivity and economic growth. At the end of the paper, the main conclusions and recommendations for higher educational institutions and students are presented. Taking into account the received research results will make a positive contribution to the development of an effective state policy of university education. In the post-pandemic period, this is directly related to the acceleration of innovative processes in the country and the rational accumulation of economic wealth.

[1]  Arpita Mehrotra,et al.  Impact of digital disruption influencing business continuity in UAE higher education , 2023, Educational Technology Quarterly.

[2]  Vladyslav O. Lisovichenko,et al.  Implementation of digital technology for student involvement based on a 3D quest game for career guidance and assessing students' digital competences , 2022, Educational Technology Quarterly.

[3]  L. Bilousova,et al.  Interactive methods in blended learning of the fundamentals of UI/UX design by pre-service specialists , 2022, Educational Technology Quarterly.

[4]  Gia Zoidze,et al.  TRANSFORMATION OF ECONOMIC POLICY PRIORITIES UNDER COVID-19 , 2022, Three Seas Economic Journal.

[5]  O. Lavrentieva,et al.  Ergonomic aspects of computer-oriented pedagogical technologies implementation in teaching foreign languages to students of higher education institutions , 2022, Educational Technology Quarterly.

[6]  O. Kuzminska Selecting tools to enhance scholarly communication through the life cycle of scientific research , 2021, Educational Technology Quarterly.

[7]  Kathleen J. Mullen,et al.  The effect of economic conditions on the disability insurance program: Evidence from the great recession. , 2021, Journal of public economics.

[8]  Galyna Kondratenko,et al.  Computer Vision Mobile System for Education Using Augmented Reality Technology , 2021, J. Mobile Multimedia.

[9]  O. Pylypenko Development of critical thinking as a means of forming STEM competencies , 2020, Освітній вимір.

[10]  O. Kravchyna Фінансова освіта школярів із застосуванням цифрових технологій: європейський досвід , 2020 .

[11]  Jamin D. Speer,et al.  Labor market returns to college major specificity , 2020 .

[12]  Svitlana Amelina Aufgabentypen bei der Didaktisierung von Materialien zu den Spuren der deutschen in der Geschichte von Kiew , 2020 .

[13]  A. Kalleberg,et al.  Turnover and transferable skills in a professional service firm , 2019, Journal of Professions and Organization.

[14]  Sergi Pardos-Prado,et al.  Skill Specificity and Attitudes toward Immigration , 2018, American Journal of Political Science.

[15]  Benjamin A. Campbell,et al.  Strategic human capital management in the context of cross‐industry and within‐industry mobility frictions , 2018, Strategic Management Journal.

[16]  Sendil K. Ethiraj,et al.  How Do Firms Appropriate Value from Employees with Transferable Skills? A Study of the Appropriation Puzzle in Actively Managed Mutual Funds , 2018, Organ. Sci..

[17]  Darryn Snell,et al.  Designing and delivering skills transferability and employment mobility: the challenges of a market-driven vocational education and training system , 2018 .

[18]  E. Hanushek For long-term economic development, only skills matter , 2017 .

[19]  F. Suleman Employability Skills of Higher Education Graduates: Little Consensus on a Much-discussed Subject , 2016 .

[20]  Stijn Broecke Do skills matter for wage inequality , 2016 .

[21]  F. Sgobbi,et al.  The Value of Transferable Skills , 2015 .

[22]  R. Coff,et al.  Toward a Theory of Perceived Firm-Specific Human Capital , 2015 .

[23]  I. Chekhovskaya,et al.  Evaluating Financial Sustainability of Higher Education Institutions , 2015 .

[24]  Elizabeth Reis,et al.  Fuzzy approach to discrete data reduction: an application in economics for assessing the skill premium , 2015 .

[25]  Davide Consoli,et al.  Do Green Jobs Differ from Non-Green Jobs in Terms of Skills and Human Capital? , 2015 .

[26]  R. Coff,et al.  Micro-Foundations of Firm-Specific Human Capital: When Do Employees Perceive Their Skills to be Firm-Specific? , 2014 .

[27]  Elspeth Jones Internationalization and employability: the role of intercultural experiences in the development of transferable skills , 2013 .

[28]  Hsing-fen Lee,et al.  Career patterns and competences of PhDs in science and engineering , 2010 .

[29]  Barry R. Chiswick,et al.  The international transferability of immigrants’ human capital , 2009 .

[30]  Michael C. Sturman,et al.  The Value of Human Capital Specificity Versus Transferability , 2008 .

[31]  M. Martínez Lucio,et al.  Regulating Skill Formation in Europe: German, Norwegian and Spanish Policies on Transferable Skills , 2007 .

[32]  Michael W Crossley,et al.  Comparative and International Research In Education: Globalisation, Context and Difference , 2003 .

[33]  G. Abuselidze Financing Higher Education: New Challenges, Incentives and Opportunities , 2022 .

[34]  G. Abuselidze,et al.  Modern concepts and methodological recommendations for teaching economic disciplines: tasks of the course "Digital Management of Transport Infrastructure" , 2022, Transportation Research Procedia.

[35]  George Abuselidze,et al.  Financing models of vocational education and its impact on the economy: Problems and perspectives , 2019, SHS Web of Conferences.

[36]  Sendil K. Ethiraj,et al.  Do Fund Managers Capture All the Returns from Their Skills? A Study of Actively Managed Mutual Funds , 2014 .

[37]  Dirk T. Tempelaar,et al.  Educational Innovation in Economics and Business Administration , 1995 .