THE IMPACT OF QUALITY OF EDUCATION ON SOCIOECONOMIC DEVELOPMENT OF THE KYRGYZ REPUBLIC IN A DIGITAL ECONOMY

Gapyr Madaminov, Raykhan Madaminova, Asylkan Nazhimidinova, Akylai Narkeeva

Abstract: The goal of this paper is to determine the impact of quality of education on socioeconomic development of the Kyrgyz Republic in a digital economy and to identify the prospects for enhancing this role in order to assist in the implementation of the Digital Transformation Concept "Digital Kyrgyzstan 2019-2023" and the Digital Agenda of the EEU for 2016-2019-2025. The methodology of regression analysis and forecasting based on the theory of probability using the Monte Carlo method was used to prove that the globalization of education in the Kyrgyz Republic in 2013-2019 hampered the social and economic development of the Kyrgyz Republic, and it is very likely that it will slow down the innovative development and economic growth of this country in 2020. This problem stems from the fact that the digital economy of the Kyrgyz Republic is in a formative stage thus far, and the significance of quality of education in it is contradictory. On the one hand, there is a growing demand for the teaching of digital competencies among the emerging information society, which cannot be met due to the retaining of traditional educational programs. On the other hand, the regulatory framework for digital business is still under development, which reduces the demand for training of digital personnel. In order to address the identified problem, it is recommended to develop an institutional environment and to promote business digitalization in the Kyrgyz Republic. This will make it possible to create a consistent demand for training of digital personnel from society, the State and business, and to promote the key role of quality of education in the digital economy of the Kyrgyz Republic.

Keywords: Economic Empowerment, Economic Transformation, Human Settlements (Regions), Economic Growth, Educational Environment, Educational Governance, Inclusive Innovation, Higher Education, Kyrgyz Republic, Quality of Education, Management of Quality in Education

DOI: 10.24874/IJQR17.02-04

Recieved: 22.12.2021  Accepted: 21.06.2022  UDC: 005.44:37

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