ECONOMIC DETERMINANTS OF THE HIGHER EDUCATION DEVELOPMENT

Abstract

The article reveals the influence of economic factors on the development of higher education in Ukraine. An analysis of such determinants of the development of higher education as an insufficient amount of financing of higher education and ineffective mechanisms of financial support for the development of quality educational services was carried out. It was determined that the key economic factors affecting the education sector of Ukraine continue to be budget constraints and the lack of investment in the material and technical base, research and development, the lack of programs for the development, attraction and retention of talents. The current transformation of the sectoral structure of the economy thanks to the national digitalization strategy, speeding up the processes of European integration will contribute to changing approaches to the development of the higher education system, increasing the volume of its financing, implementing effective mechanisms for the distribution of funds in the higher education system in leading directions, in particular in the direction of support and development of talents, scientific teaching staff and financing of research activities of higher education institutions. Strategic shifts in the development of the national economy have been identified as a key potential factor for improving quality education, in particular due to digitalization and European integration of the economy. It was determined that the approval of the national strategy of economic development with an emphasis on digitization and European integration makes it possible to predict potential positive shifts in the higher educationsystem, its transition to competency-based and student-centered approaches to education, stimulation of research and development, development of a mechanism for supporting research and innovation activities, ensuring larger amounts of funding and mechanisms for effective distribution of funds.