A Model for a Virtual University in Colombia

During the past five years, there has been considerable interest in human capital development as it has evolved in the post-Soviet transition economies, such as in Kyrgyzstan. The goal of this paper is to describe how education has changed in the Kyrgyz Republic over the last 5 years in terms of quality of education.

Presently, there is no consensus on how education has changed during the transition from a Soviet planned economy to a market oriented economy, partially due to the lack of reliable data with which to analyze this question. This work intends to begin to study this subject and study the patterns of education and quality of education in Kyrgyzstan. In several ways, the study will be relevant to other post-Soviet economies as well. The findings of this paper are the subject for further discussion and development, though, because the problem is important for both policy-makers and students of post-Soviet transition economies.

To study the quality of education, the author considers several factors that affect human capital development, such as the number of educational facilities, students and teachers in the country (universities particularly), structural changes in the economy since early nineties, and the structure of the workforce. All together, these factors contribute to human capital development in transition economies like Kyrgyzstan. Second, Mr. Bisembin tried to estimate how worker's wage and employment rate are determined by schooling years attained using a descriptive method of analysis of data available.

Finally, in his conclusion, he tried to address and understand what policies the Government should implement to achieve balance in the society between private and social returns to education and increase the quality of education in the Kyrgyz Republic.