THE BUILDING BLOCK OF INNOVATION; EDUCATION, THE COMPARISON OF EDUCATION EXPENDITURES IN EU COUNTRIES AND TURKEY

Innovation is one of the most popular topics today both for academia and business life. Countries as well as companies are aware of that; the competitive advantage coming hand in hand with innovation rather than conventional trade, so it seems very important to make successful innovations. One of the basic building blocks of innovation is education, innovative human resources are in general results of successful education systems. In this research the education expenditures of EU countries and Turkey is being analyzed and compared. The relevant data is collected from international associations such as World Bank, IMF, Eurostat, etc., and detailed data is collected from the website of TUIK. Results of this study shows that even over the years there has been an increase in education expenditures, for Turkish Republic it is still below the EU averages.