Lithuania ranking among countries with highest potential

October 30, 2007 at 6:35 pm Leave a comment

GrowthAs the BNS reported the European human resources index report, the Lisbon council has ranked Lithuania, Slovenia, Czech Republic and Estonia among the countries that possess the highest potential and are still able to catch up with the Western countries in the next two decades.

The authors of the study say that Slovakia, Bulgaria and Poland, which possess the lowest index, might remain stuck in relative poverty for a long time if the continue to pay too little attention to human resources and innovations, the government’s press service has reported.

The Lisbon council is a European centre for economical and social policy studies of some authority. Among the highest threats for the long-term economical development of central and middle European countries, the report specifies the dropping birth rates, the leak of intellect, the high unemployment rate, the too-low investments into education and training skills. A particular emphasis is placed on the insufficient attention being paid to raising competences in people above 35.

To catch up with the West, it is recommended that the countries should increase funding of education and teaching, reform the secondary and tertiary education systems, pay more attention to honing skills and raising competences in senior workers. Analysts are also encouraging making higher investments into research and development, promoting integration of universities and colleges, research companies and institutions into European and global research networks.

Another suggestion is to make beforehand preparations for the negative economical and social effects of aging population. The report predicts that by 2035, the number of people of employable age in central and middle Europe will drop by 15 percent.

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Entry filed under: Baltic States, Economics, Estonia, EU, Latvia, Lithuania, Northern Europe, Politics.

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