Educational Background as a Factor of National Welfare Boosting

The article presents the identifying the relationship between the level of education and the level of income in the national economy. As the title implies the article describes the education as a factor of accelerating economic growth: the concept of human capital. Data are given about the educational factor in the economy of developed countries. The article gives the analysis of educational markets in Russia and its impact on the welfare of the population. It is dealt with the state system of higher education in Russia. The main problems of higher education were identified. Recommendations are given for solving the main problems of the higher education system. This article presents such data as indexes of the educational level of the world countries (20 countries), a ranking of countries and territories according to the size of GNI per capita, the relationship between the level of education and the level of income across regions, the relationship between the level of education and socio-economic development of the region (correlation of indicators of socio-economic development of the region and the proportion of people who have vocational education)