Olha Zakharova

The study is devoted to the investigation of the educational determinants as components in shaping the level of socio-economic development of countries around the world, including assessment of the impact of national higher education system development indicators on the determinants of economic development, in particular macroeconomic, innovation, and technology determinants.
Based on the grouping of 50 countries, a matrix of relationships between the Universitas 21 index and global competitiveness index was constructed. It is determined that despite the close correlation between the indices as a whole (0.96), there is a certain differentiation of influence in groups. The high impact of education on global competitiveness (0.76) was found in the group of countries with a medium level of competitiveness, moderate impact (0.54) – in the group of highly competitive countries, weak impact (0.38) – in the group of countries with a low level of competitiveness. Based on the correlation-regression analysis, the study proposes a structural-logical graph of the relationship between educational and economic indicators and quantifies it accordingly. The results show that the level of higher education competitiveness is closely correlated with such indicators as the level of global innovation development (0.8 over the period 2012-2020), the level of the knowledge intensity of GDP (0.73), and the level of socio-economic development (0.75). The results will allow changes in education indicators to be taken into account in the context of their impact on economic development and global development strategies.

For the vast majority of countries, creating a favorable investment environment, which determines the possibility of attracting foreign capital, is a prerequisite for economic growth, addressing issues of national interests and a sufficient level of economic security. The presented article aims to assess the development of international investment activities to ensure countries’ investment security as components of economic security. Using multidimensional evaluation methods, construction of complex indicators, methods of statistical grouping, measurement of stochastic relationships, the integrated level of investment security of Central and Eastern European countries is determined. The assessment results showed that such countries as Estonia, the Czech Republic, Latvia, Poland, Hungary, and Romania have the highest level of investment security and are among the countries that have strengthened their investment security positions over the period. The countries’ evaluation shows that 46% of the countries surveyed were classified as countries with a safe level of investment development. According to the results of correlation analysis, it was determined that the Investment Security Index is more correlated with the state of the investment climate of the country; in the group of Central and Eastern European countries, there is a close correlation with the level of investment attractiveness, which means that for these countries, macroeconomic stability and stable dynamics of socio-economic growth are the factors determining investment opportunities. The obtained results should be considered to identify the basic risks of the investment environment.