Expending the Access to Education: a Prospect of Multilateral Regulation

Since the middle of the 20th century, the world community has brought expanding the access to education as one critical issues. Initially, education was seen as one of the fundamental human rights, and initiatives to expand access to it were not commercial in nature. However, already during the first projects, countries and institutions of multilateral regulation had a clear understanding that expanding access to education is one of the investments in the development of human capital, the increase of which has a positive impact and is a key component of international development through an increase in purchasing power, reduction in gender discrimination, and laying the foundation for the further scientific base of countries. In this study, the author analyzed approaches to education from such multilateral regulatory institutions as UNESCO, WTO and OECD. The education sector remains one of the most solid foundations for the further development of cooperation within and between various multilateral regulatory institutions. Given the rapidly changing agenda, crises, unforeseen circumstances, education will always remain in demand, and it is a sector, which requires constant changes and improvements, and multilateral institutions should be able to meet these challenges. Moreover, as the study shows, the field of education not only requires high resource costs, but also gives significant returns both in the short and long term. So, in this study, the hypothesis is confirmed that recently multilateral regulatory institutions pay special attention to education because it has a positive effect on the purchasing power of the population, reduction of gender discrimination and creates opportunities for strengthening the scientific base, which in the long run will positively affect the growth of the economy, welfare and sustainability of political institutions. Despite the problems that these institutions face in implementing the educational agenda, this problem can only be solved on a multilateral basis; national measures are not enough for this.