EFFECT OF THE EDUCATION AND HEALTHCARE SYSTEMS ON THE SOCIAL SECURITY LEVEL IN THE CONTEXT OF GLOBAL GOALS OF SUSTAINABLE DEVELOPMENT

Abstract

The effect of the healthcare and education systems on the level of social orientation of economic development has been studied. It has been identified that low level of social orientation of the countries indicates the existence of national security threats in both economic and social spheres; that requires development of an efficient economic policy taking into consideration the goals of national sustainable development. Social factors have been classified into the following groups: demographic factors; indicators of the education system development; indicators of the labour market conditions; indicators of the healthcare system development; indicators of the system of private income distribution and socioeconomic inequality. Two main components of social security have been specified based on the sustainable development goals and security factors: education system development and healthcare system development that are characterized by the corresponding groups of indicators. The indicators have been systematized taking into account dynamics of their boundary values and potential trends of changes; the indicators have been applied as the criteria to identify possible critical threats or risks to the security; they also make it possible to timely consider and support the sustainability and security of social development. According to the results of integral estimation, certain countries have been determined to belong either to a group with optimally high security level or to the one with the lowest level. The research results prove the importance of the healthcare and education sectors in the context of both reaching the sustainable development goals and providing high level of social security. JEL: I15, I25, H55, Q01.