Economics of Tertiary Education - Challenges and dynamics of the public tertiary education in Albania

• Author: Gledian Llatja - Theodhor Kuro
• Position: Institute for European Studies/University of Tirana - Faculty of Economics/University of Tirana
• Pages: 228-235

Vol. 2 No. 2

July 2016

Academic Journal of Business, Administration, Law and Social Sciences

IIPCCL Publishing, Tirana-Albania

ISSN 2410-3918

Acces online at www.iipccl.org

228

Economics of Tertiary Education - Challenges and dynamics of the public

tertiary education in Albania

PhD (C.) Gledian Llatja

Institute for European Studies/University of Tirana

Theodhor Kuro

Faculty of Economics/University of Tirana

Abstract

The tertiary education is a critic mechanism for the socio-economic progress, for individuals

who aspire a brighter future and it is also considered an important catalyzer of the economic

mobility (Department of Treasury and Department of Education, 2012, 2). Based on the posi-

tive role and impact that the tertiary education has on the sustainable development, President

Obama once stated that it is of damage to treat education as a luxurious public service. In line

with the general considerations about the tertiary education in the U.S. the parallel compari-

son with Albania comes as a direct interpretation of utopia in the education policy-making.

Aspolicies areusually draedbased ondata andndings inthe caseofAlbania thereis a

lack of data on expenses on tertiary education as share of GDP. This stands also for the main

limitation of the paper.

Keywords: economics, education, Albania, challenge.

Introduction

ThedomesticcorporationsoreitherSMEsaremoreandmoreinsearchofqualied

labor force. This is to deal with the rising global competition. On the other hand,

the developments of the tertiary education system should rely on the complexity of

the public-private labor market comprised by individuals and organizations. To such

extent, the challenges, problems, dynamics and reforms of the system, beside the

legaltermanalysisareexaminedbyaspecicandessentialdisciplineofeconomics

named the economics of tertiary education.

Since in many academic publications, Albania is compared with countries within the

region in terms of data, in this case, a more robust approach of the analysis provides

evidence of countries that have a well-developed education system. That being said,

it is crucial to stress their point of success and provide recommendations that would

allow our system to undergo major changes. There are several indicators missing

related to tertiary education. From those available, we can mention the tertiary

educationaendancerate byagegroupandthe grossenrollmentrateinuniversity

orqualication mismatch ratewiththe labor marketOnthe follow up thepaper

examinesthetertiaryeducationproblemsrelatedtonancingoptionsthecurricula

theeectivenessoftheBolognaeducationsystemtheICTsandtheRDIs