SOCIAL AND LABOR RELATIONS AS A FACTOR OF THE COUNTRY’S ATTRACTIVENESS FOR FOREIGN STUDENTS

Abstract

The scientific work examines social and labor relations as a factor in the country’s attractiveness for foreign students (on the example of OECD countries). The indicator of the attractiveness of OECD countries for foreign students was used as a dependent variable. Nine  indicators of social and labor relations formed a list of independent variables. To study the impact of indicators of social and labor relations on the attractiveness of the country for foreign students, the method of correlation analysis was used using the built-in CORREL function in the Excel software product. The obtained results of the correlation analysis allow us to state that it is the financial aspect of social and labor relations that is the most significant when choosing a country for obtaining higher education. Thus, the value of the correlation coefficient between the country’s attractiveness indicator for foreign students and the average annual salary is 0.686 and is statistically significant. Labor productivity plays an important role in educational migration processes, as it affects economic, social and professional conditions. An important factor in attracting students from foreign countries is the possibility of professional development, which is based on the investment of employers in the training of employees. Compliance of the education system with the needs of the economy is also currently a significant factor in the attractiveness of the country for foreign students. The orientation of the education system to the current needs of the economy creates conditions for the formation of students’ knowledge and skills that are in demand on the labor market and, accordingly, guarantee future employment by profession. Thus, the results of the study prove the importance of social and labor relations for the formation of the attractiveness of the country for foreign students.