A retrospective analysis of international indicators of the education and employment system
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Abstract
The article examines the formation of human capital, which is crucial in global economic and technological competition. This process depends on the level of development of the national education system, so rating analysis and international comparisons help to get an idea of the human potential of a country. The methodological basis of the research is a retrospective correlation and regression analysis, which contributes to understanding the nature and dynamics of human capital formation over time. Despite the fact that the development of the education system has a certain impact on the labor market, a regression study of the correlation between education spending or other indicators of the educational process and youth unemployment has shown a weak link between these indicators on an international scale. In retrospect, various aspects of the functioning of the education system in different countries of the world have demonstrated the course of these processes over the past few decades. It can be noted that among the world's economic leaders (in terms of GDP), only India is noticeably lagging behind global average trends. The rest of the top 7 economies are striving to increase human capital through the formation of a "knowledge economy", although with different dynamics of this process. The higher education sector remains a key focus of the efforts of developed countries, as we have illustrated in our work. The coverage of the population with secondary or higher education has practically no effect on the unemployment rate both in general and among young people (15-24 years old) regardless of gender.
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References
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