Country’s competitiveness and sustainability: higher education impact

The development of human resources is an important condition for ensuring the sustainability of the society and the development of the national economy. Knowledge is becoming more and more one of the basic factors for society sustainability and development. In the 21st century economy, which is based on knowledge, the innovation becomes one of the major factors to increase the competitiveness. It is confirmed by the experience of leading economic systems when investing considerable resources in the society educating. It is especially important for the Baltic States in the context of the creation of the knowledge based society declared in the EU space. Thus one of the basic aims of the Latvian economy policy is to create efficient, competitive and sustainable economy. One of the basic priorities of an up-to-date state development strategy is a modern education and science system as the education level and the development of human capital are the most important indicators that are creating the competitiveness and sustainability of the country. In the article there are considered the global tendencies of the higher education; also the connection of education with innovation and sustainability are analysed. The aim of this study is to focus on sustainable competitiveness concept and provide in-depth understanding of higher education impact on ensuring sustainable competitiveness on national level. In the research there are used primarily quantitative comparative research methods. Quantitative indicators are used to characterize specific features of the higher education impact on economics in the Baltics and Nordics. For the calculations, methodology and definitions the OECD methodology and World Economic Forum, global competitiveness concept is used.