"The next global financial crisis has already started, in the form of nearly 75 million unemployed young people around the world. If this mass of jobless youth does not find work, the consequences will be dramatic. Global changes in economic conditions and the economic changes which have taken place in the Slovak Republic have caused the disappearance of many traditional employers and the reorientation of production and services. The result has been that traditional manufacturing industries have disappeared and have been replaced by newer ones. The setting up of new small businesses and the arrival of new foreign investors have logically led to new demands and requirements concerning the knowledge, skills and competences of graduates. Education has a significant impact on employment and unemployment in Slovakia: higher levels of qualifications have improved the chances of finding a job. The labour market is expanding and there will be more and more opportunities for highly-skilled people. "

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