Relationship between education and economic development in building a knowledge economy
Keywords:
knowledge economy, economic development, educational services, education market, online education, human development index (HDI), gross national income (GNI), the level of wealth, competitiveness, education in Norway and the Central African Republic.Abstract
The paper deals with the interrelation between the economy and the
educational system in the state, the dependence of their development. The authors show it by the
example of two contrasting countries in terms of development, Norway and the Central African
Republic. The article considers the position of these countries in various ratings reflecting the
success of the policy pursued in the state. The authors point to the general characteristics of the
economies and education systems of each of the countries under consideration. Emphasis is
placed on the fact that education policy and the successful functioning of education itself have an
impact on the sustainable development of the state, and the indicators of management
effectiveness in the education system and changes in its financing are important aspects of this
policy. The paper looks at "educational services" and "education services market" as economic
categories. The field of educational services is considered to be one of the most developed
economic sectors, because of its productive and profitable function. The article describes the
importance and relevance of such science as the knowledge economy and its impact on the
development of a competitive economy. The knowledge economy researches features of action
of laws of economy in education and preparation of qualified experts for increase of level of
knowledge of the population.
