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Title: STRATEGY FOR RETAINING GRADUATES AND ITS IMPACT ON THE REGION SUSTAINABLE DEVELOPMENT
STRATEGY FOR RETAINING GRADUATES AND ITS IMPACT ON THE REGION SUSTAINABLE DEVELOPMENT

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Liene Resele; Una Libkovska; Indra Kristiana Balode
10.5593/sgem2023/5.1/s21.62
10.5593/sgem2023/5.1
1314-2704
978-619-7603-60-6
English
23
5.1
•    Prof. DSc. Oleksandr Trofymchuk, UKRAINE 
•    Prof. Dr. hab. oec. Baiba Rivza, LATVIA
Environmental Economics
In order to reduce the brain drain (outflow of intellectual capital) from the regions and promote a more even population distribution, entrepreneurship development in the regions, and subsequently ensure sustainable development of regions, it is necessary to create and implement business development strategies in the regions and, first of all, to ensure that university graduates stay to live and work in the region. The aim of the research is to find the answer to the question of how to retain graduates in the region – what role do the university, municipality, and employers play, and what actions should be taken by each of the parties, with the focus of this research being on the university. The methods used in the research are a research of scientific sources, analysis of statistical data, and focus group discussion in which students, universities, local governments, and representatives of employers participate. Results of the research show that in retaining graduates, the united cooperation of interested parties is of great importance, where the university must implement study programs that meet the requirements of today's and future international labor market, promote the growth of students as personalities and professionals, and be involved in creating an environment where business ideas can be developed at all stages.
[1] Bharwaj B., Sharma D. (2022) Migration of skilled professionals across the border: Brain drain or brain gain? European Management Journal, In Press, Corrected Proof., 2022. Available: https://doi.org/10.1016/j.emj.2022.12.011
[2] Bikse V., Libkovska U., Lasinska D., Rivza B. (2020) Evaluation of the possibilities of development of digital competence according to labour market trends in Latvia. IBIMA, 35th International Business Information Management Association Conference, pp.12603-12614. Available: https://ibima.org/accepted-paper/evaluation-of-the possibilities -of-development-of-digital-competence-according-to-labour-market/
[3] Cross-Sectoral Coordination Center. (2020) National Development Plan of Latvia for 2021-2027, Latvia, pp. 1-89. Available: https://www.mk.gov.lv/lv/media/15165/
[4] ERASMUS+ project. (2022) Enhancing development of entrepreneurial strategies at university locations affected by brain drain (ENDORSE) application, pp 157.
[5] Government Office for Science. (2016) Future of Cities: Graduate Mobility and Productivity, pp 1-84. Available: https://assets.publishing.service.gov.uk/government /uploads/system/uploads/attachment_data/file/510421/
[6] Kotavaara N., Kotavaara O., Rusanen J., Muilu T. (2018) University graduate migration in Finland, Geoforum 96, pp 97-107. Available: https://doi.org/10.1016/j. geoforum.2018.07.010.
[7] Larsson J. P., Wennberg K., Wiklund J., Wright M. (2017) Location choices of graduate entrepreneurs, Research Policy 46, pp 1490-1504, 2017. Available: https://doi.org/10.1016/j.respol.2017.07.004.
[8] Ministry of Education and Science of Latvia (2022) Employment of higher education graduates of 2020, pp 2. Available: https://www.viis.gov.lv/sites/default/files/ 202305/ml_Abs_monit_2020_v1.1_30052022
This study partially draws on materials and interim results from the Erasmus+ ENDORSE project.
conference
https://doi.org/10.5593/sgem2023/5.1/s21.62
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Proceedings of 23rd International Multidisciplinary Scientific GeoConference SGEM 2023
23rd International Multidisciplinary Scientific GeoConference SGEM 2023, 03 - 09 July, 2023
Proceedings Paper
STEF92 Technology
International Multidisciplinary Scientific GeoConference SGEM
SWS Scholarly Society; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Serbian Acad Sci and Arts; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; European Acad Sci, Arts and Letters; Acad Fine Arts Zagreb Croatia; Croatian Acad Sci and Arts; Acad Sci Moldova; Montenegrin Acad Sci and Arts; Georgian Acad Sci; Acad Fine Arts and Design Bratislava; Turkish Acad Sci.
461-468
03 - 09 July, 2023
website
9325
sustainable development, regional economy, graduate retention, brain drain, strategic management

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