The role of universities in socio-economic and cultural development of the region

The article discusses the role of university education in the regional socio-cultural space. It is proved that the mutual interaction of universities and a region is one of the leading factors of the regional development. It is shown that the university has important functions, which increase with the development of globalization. The authors believe that university, on the one hand, is a part of the world's cultural and educational community, on the other hand, it deals with the preservation and development of the culture of peoples living in the region, being a part of local, national and global social systems.