Education paradigm change and impact on sustainable economic development: A case study of Latvia

Abstract

This research paper analyses the importance of a sustainable education-economy nexus in Latvia by analysing theoretical sources and expert opinions. The study reveals a paradigm shift in education towards an integrated, problem-oriented approach that promotes an eco-efficient economy. The focus is on synergies between education and industry, with particular emphasis on the role of knowledge-intensive business services in sustainable development. The article provides a new perspective of human capital on the interaction between education and the economy, pointing to the need for adaptive lifelong learning to promote sustainable economic development in Latvia. The results show that the Triple Helix integrated approach promotes knowledge sharing and positively recommends an innovation ecosystem, which is essential for sustainable economic development. However, the validity of the findings is limited by the country focus and data limitations. The study highlights the need for further research and improvements in policy making.