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Journal: Proceedings on Engineering Sciences (Vol.5, No. 4)

Publication Date:

Authors : ;

Page : 579-590

Keywords : Quality of higher education; Provision of security; Biosocial essence; Socio-investment model of economic growth; Sustainable Development Goals (SDGs); Engineering of Industry 4.0 technologies;

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The research aims to investigate the role of education in the security of the biosocial essence of a person in the implementation of the socio-investment model of economic growth. This research focuses on the concept of the biosocial perspective in the unity of the well-being of humans as a biological species (satisfaction of biological needs) and their position in society (satisfaction of social needs). In the social and investment model of economic growth, the management tool is investments in the increase in the quality ofhigher education services, and the process of human developmentis comprised of biosocial phenomena, social connections (social lifts through obtaining higher education) and context (return of investments in higher education).The authors conducted an econometric study based on correlation analysis. This method is used to determine the relationship between the quality of higher education and official employment, the accessibility of employment and career building for young people (absence of ageism), the gender neutrality of society and the economy, and the absence of poverty. The key conclusion of the research is that the quality of higher education plays an important role in the security of the biosocial essence of a person during the implementation of the socio-investment model of economic growth.This paper also discovered challenges for the engineering of Industry 4.0 technologies, which are connected with the necessity for technologicalsupport for the most successful execution of the role ofthe quality ofeducation in the employment of youth as the central element of ensuring the security ofbiosocial essencein the conditions of the Fourth Industrial Revolution.The novelty of the research lies in the clarification of the causal links between sustainable development and the disclosure of human potential from the perspective of the security of the biosocial essence of a person in support of the implementation of the Sustainable Development Goals (SDGs). The contribution of the research consists of developing a toolkit to implement the socio-investment model of economic growth and thereby improve the manageability and efficiency of this process. The social significance of the research is that it demonstrated the possibility and feasibility and provided a scientific and methodological basis for the systemic implementation of SDG 1, SDG 4, SDG 5, and SDG 8.

Last modified: 2023-09-19 20:04:48