Evgeniya Yazovskikh, Zhao Qiogyu
Ural federal University named after the first President of Russia B. N. Yeltsin, Russia
DOI: https://doi.org/10.31410/eraz.2018.361

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4th International Conference – ERAZ 2018 – KNOWLEDGE BASED SUSTAINABLE ECONOMIC DEVELOPMENT, Sofia- Bulgaria, June 7, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia;  Faculty of Business Studies, Mediterranean University – Podgorica, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia, ISBN 978-86-80194-12-7


In modern society there are people who want to work and there are people who want to employ them. Both these categories are the labor market. As an economic category the labor market has long been considered as a phenomenon related to capitalist countries and unemployment was a consequence of labor market relations resulting from the numerous contradictions between labor and capital.  
The peculiarities of functioning the labor market are influenced by the following factors: salary dynamics; state of the national economy (the labor market is one of the most influenced by other markets); dynamics of incomes that are not formed under the influence of the labor market (an increase in the amount of child benefits leads to changes in the state of the labor market); dynamics of population’s leisure preferences; changes in psychological perception of some professions and specialties (reducing the prestige of particular professions results in transforming the labor market);dynamics of the demographic situation, etc. Thus, the labor market is a fundamental element of the national economy.
Nowadays the development of the labor market is closely connected with training young specialists in Universities. The interaction of higher educational establishments with employers and the successful employment of graduates is one of the most important criteria for assessing the quality of the establishments’ activities and the level of competitiveness in both the labor market and the market of educational services.
Moreover, one of the main tasks of any higher educational establishment is to train specialists possessing professional competencies, able to adapt to the manufacturing process, showing flexibility and initiative. It’s possible to solve this problem on the basis of functioning an effective system of higher education that considers tendencies of the world development.
Another task is to make complex cooperation between Universities providing students with theoretical knowledge and enterprises that are places for developing their practical skills. The relationships between the higher educational establishments and employers contribute to modernizing educational programs and curricular; implementing design and technological master programs with corporate orientation; establishing basic departments, education facilities and laboratories; building targeted training for students.
And the third task is to help graduates become more competitive in the national and international labor markets. It’s one of the most global problems today and it can be solved by establishing various relationships between countries and universities.
The Ural Federal University named after the first President of Russia B.N.Yeltsin is a good example of the higher educational establishment that actively promotes graduates to take their places in the labor market. It is a good training center that helps young professionals to find work in enterprises, assists in setting up new companies, motivates for teaching activities in various educational institutions of the region and the country.
Similar educational and economic policies are conducted in China. They take into account supply and demand of the labor market, its national peculiarities and prospects for further development of the country and labor force. 


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