LABOUR AND ECONOMIC GROWTH THROUGH EDUCATION AND RESEARCH IN LATVIA

The structure of Latvian economy and distribution of employees within it during last years has changed. Dealing with study of population, one can find young people share continuous decline and labour mean age increase, but in situation of economic slowdown Latvia also face challenge to develop knowledge-based economy. One of the means of helping to achieve the goal of becoming competitive and knowledge-based economy is through an investment in human capital. To ensure sustainable development there is a need to balance between social and economical growth using available resources. The theoretical concepts have shown that further growth has to be built on innovation, diffusion and adoption o…