The fourth industrial revolution - the most important challenge of higher education in Georgia

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Ivane Javakhishvili Tbilisi State University Press
World-renowned research centers are forecasting particularly rapid growth rates of economy in anticipation of the Fourth Industrial Revolution. It is assumed that some of the work will be replaced by artificial intelligence. Creation of completely new jobs is also expected. And for those jobs that remain in the future, skills upgrades will be especially relevant. Undoubtedly, the country of the size of Georgia cannot determine the “weather” and trends in the development of the world economy. It is especially difficult to select the correct vector of development in the above conditions. Against this background, it is necessary to define the priority directions of economic development of Georgia. It should focus on inclusive growth and production of inelastic demand products. In order to introduce innovations, gain new niche in international markets and provide economic leadership in the region, we think it is necessary to establish an entrepreneurial model at the universities in the regions of Georgia. There should be room for effective functioning of the “knowledge triangle” and “triple spiral” models. Business incubators, Fablabs, Spinoffs, Technology Transfer Offices, Patent and Licensing Offices, Consulting and Training Centers and other structures promote commercialization of new ideas, lifelong learning (LLL), distance learning, organizing online courses and others. Entrepreneurial universities provide the formation of integrated and effective policies for education, science and business development in the country, exploring and identifying the potential of the local economy at an appropriate level. The result will be the launch of new business directions. The effectiveness of such a model is demonstrated by the successful examples of foreign countries discussed in the paper. Entrepreneurial universities have a positive impact on the rates of innovation development of the economy, as it improves almost all the indicators included in the innovation capability of the Global Competitiveness Index. The formation of entrepreneurial universities will help to improve not only the university system, introducing new teaching approaches, more independent student work, engaging them in research and developing new on-demand skills, but also enhancing the quality of scientific researches and teaching in secondary schools. By fulfilling this function, it serves as a cornerstone of the education system, which has to act as a major driving force (as evidenced by surveys of the entrepreneurial ecosystem conducted abroad). Lastly, the formation of the entrepreneurial university model will best respond to the function of governmental green economy and educational and economic hub function in Georgia.
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Fourth Industrial Revolution, innovative development, entrepreneurial university, biotechnology, biotechnological research, mineral waters, medicinal plants
Economics and Business, №3, 2019, pp. 58-78