THE ROLE OF EDUCATION IN THE KNOWLEDGE-BASED
                       SOCIETY
             DURING THE ECONOMIC CRISIS

                   Ion Pârgaru, Titu Maiorescu University Bucharest
                 Rodica Gherghina, Titu Maiorescu University Bucharest
                   Ioana Duca, Titu Maiorescu University Bucharest

ABSTRACT: Education as an essential activity in the development of society has seen
major transformations, from which the new methods and models of the modern
educational system have resulted. The relationship between the individual and society
becomes more complex via education, as the individual gains the capability to make his
contribution that would balance the benefits of his living among other individuals. In this
context, education represents the basis of a society oriented towards the future,
knowledge becomes the main component of the economic and social growth, and the
economic crisis becomes an impediment in the development of the knowledge-based
society. Therefore, the development of the knowledge based society is dependent on the
creation of knowledge, on its spreading via education and tuition and on its
dissemination via communication and on its involvement in technological innovation.

Key words: education, knowledge-based society, economic crisis

JEL codes: H52, I21