Social partnership in education

The paper considers an interaction mechanism between labor and educational markets in the national economy. Weak points of this mechanism in Russia are revealed. It examines essential characteristics of social partnership and the need to use this institution to improve effective interaction of the two markets. Relevant conditions to establish social partnership are looked into. The paper describes macro and micro level factors that restrain interaction among educational institutions, businesses and state in socially important markets. Actions to forge effective social partnership are proposed.