Performance of Higher Education Sector in terms of Social Benefit and Ethics

There is no doubt that the human factor, especially the specialized, entrepreneurial and creative human resources, plays a pivotal and fundamental role in growth and development of countries. Therefore, the role of education at all levels should be the promotion of the skills of the individual, while at the same time giving him a purpose as well as a mission to benefit both himself as well as the labor market. The purpose of this study is to investigate the relationship between the financial contribution of the government to university and unemployment rate of graduates. Parallel to this, the study seeks to find out the extent to which the enrolment of female students and the enrolment of international students contribute to the creation of new patents in the economy concerned. Accordingly, 5 countries have been selected as the study’s sample including the United States, the United Kingdom, the Netherlands, Germany and Malaysia. Based on the analysis on the collected data it was concluded that in the United States, United Kingdom and Netherlands, general need of the labor market for educated people has been met, but the number of graduates is still increasing, leading to rising unemployment rate of graduates at the community level. Also, according to the results and statistical analysis, the output of universities in United States, United Kingdom, Germany and Netherlands have not been able to increase the level of creativity and innovation in the society. Meanwhile, it is only in Malaysia that if the presence of women in universities increases, we can see a growth in the rate of creativity and innovation in this country. The importance of the results of this research is that with the cooperation and interaction between higher education institutions, policy makers and the labor market, the educational curriculum can be designed based on the needs of these three groups. Also, the structure of student admission should be revised so that by educating qualified people will result in increasing of the number of applicable innovations. Keywords: Higher Education, Graduates Unemployment Rate, Innovation and Creativity.