THE NECESSITY OF BUILDING ENTREPRENEURIAL ECOSYSTEMS IN THE EDUCATIONAL SYSTEM OF SMALL POST-TRANSITION DEVELOPING ECONOMIES FOR THE FOURTH INDUSTRIAL REVOLUTION

Youth unemployment rate in Bosnia andHerzegovina (BiH) is one of the largest in the world. Ahigh percentage of unemployed and inactive young peopleis the result of on the one hand, insufficiently rapid economicdevelopment of small post-transition economies andon the other hand, the mismatch of supply and demand inthe labor market. In the long run, reformed modern formaleducation at all levels, as well as non-formal education,particularly entrepreneurship and STEAMeducation, could make a significant contribution to economicgrowth and development of small post-transitiondeveloping economies, by strengthening the entrepreneurialecosystem of educational institutions at all levels and thedevelopment of entrepreneurship. The goal of the researchis, through the review of empirical studies, to analyze successfulpractices of applying entrepreneurship educationand building the entrepreneurial ecosystem in primary, secondaryand higher education and modeling strategic directionsof curriculum reforms at all levels of the educationsystem in small post-transition developing economies, witha focus on the reform of the education system of higher educationin the Republic of Srpska and Bosnia and Herzegovina.We used historical method, method ofclassification, method of analysis and synthesis, and a casestudy. In the case study, on the example of the University ofBanja Luka (UNIBL), we can conclude that UNIBL stilldoes not have the characteristics of entrepreneurship universityand that the reform of the University is necessary.