THE NECESSITY OF BUILDING ENTREPRENEURIAL ECOSYSTEMS IN THE EDUCATIONAL SYSTEM OF SMALL POST-TRANSITION DEVELOPING ECONOMIES FOR THE FOURTH INDUSTRIAL REVOLUTION

Abstract

Youth unemployment rate in Bosnia and
Herzegovina (BiH) is one of the largest in the world. A
high percentage of unemployed and inactive young people
is the result of on the one hand, insufficiently rapid economic
development of small post-transition economies and
on the other hand, the mismatch of supply and demand in
the labor market. In the long run, reformed modern formal
education at all levels, as well as non-formal education,
particularly entrepreneurship and STEAM
education, could make a significant contribution to economic
growth and development of small post-transition
developing economies, by strengthening the entrepreneurial
ecosystem of educational institutions at all levels and the
development of entrepreneurship. The goal of the research
is, through the review of empirical studies, to analyze successful
practices of applying entrepreneurship education
and building the entrepreneurial ecosystem in primary, secondary
and higher education and modeling strategic directions
of curriculum reforms at all levels of the education
system in small post-transition developing economies, with
a focus on the reform of the education system of higher education
in the Republic of Srpska and Bosnia and Herzegovina.
We used historical method, method of
classification, method of analysis and synthesis, and a case
study. In the case study, on the example of the University of
Banja Luka (UNIBL), we can conclude that UNIBL still
does not have the characteristics of entrepreneurship university
and that the reform of the University is necessary.