INFORMATION AND COMMUNICATION TECHNOLOGIES IN EDUCATION AS A STIMULUS TO ECONOMIC DEVELOPMENT

Rade Stankic, Biljana Jovanovic Gavrilovic and Jasna Soldic Aleksic

Faculty of Economics, University of Belgrade, Belgrade, The Republic of Serbia

Education has always been a driving force behind economic prosperity. However, this has become especially important in a globalized knowledge- and new-technology-based economy. The research presented in this paper focuses on the relationship between ICT, population education, and economic growth and development. The analysis of this relationship is based on the latest data collected from relevant national and international institutions. The results obtained from a survey conducted at the Faculty of Economics, University of Belgrade, are also analyzed. The paper highlights the challenges faced by the education systems in general, and the education system of the Republic of Serbia in particular, confronted with the new wave of technological innovation which is fundamentally changing the nature of work and imposing new requirements with regard to the necessary knowledge and skills. Our research results indicate that ICT and education have been recognized by the Government of the Republic of Serbia as the important determinants of economic and the overall social development.

Keywords: information and communication technologies (ICT), education, economic growth, economic development

JEL Classification: O14, M15, L63