The basic principles and objectives of higher education, declared in the Law of the Russian Federation on Education, as well as in the Magna Charta Universitatum, the Lisbon convention, and the Bologna and Sorbonne declarations, are analyzed along with the measures undertaken by the European Union in order to reorganize the sphere of higher education. The Russian system of higher education is shown to meet all the main requirements specified in the European documents and to completely comply with the concept of continuing education prompted by the modern rapidly developing high-technology world; hence, there is no need for reorganization and introduction of the bacheloro mastero doctor of philosophy scheme instead of the specialisto candidate of science system. At the same time, there is a need for such state-guaranteed financial support of teaching and scientific research activities that would provide the necessary conditions for solving urgent problems in closely interrelated fields of fundamental science and engineering.
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