2021 1(40)14

Institutional Features of Modernization of Higher Education in Ukraine

Oleh Kuklin
Doctor of Economic Sciences
ORCID https://orcid.org/0000-0001-6904-3496
e-mail: kuklin_oleg@ukr.net,
Robert Pustoviit
Doctor of Economic Sciences
ORCID https://orcid.org/0000-0003-0188-2677
e-mail: rfpustovit@gmail.com,
Iryna Dernova
Phd in Economic Sciences
ORCID https://orcid.org/0000-0002-7317-9633
e-mail: dernova@ukr.net,
Cherkasy State Business College

Citation Format
Kuklin, O. V., Pustoviit, R. F., Dernova, I. A. (2021). Institutional Features of Modernization of Higher Education in Ukraine. Visnyk ekonomichnoi nauky Ukrainy, 1 (40), рр. 106-112. doi: https://doi.org/10.37405/1729-7206.2021.1(40).106-112

Language
Ukrainian

Resume
The process of institutionalization of higher education in Ukraine is studied in terms of factors due to the need for its modernization and taking into account formal and informal institutions and factors of the previous institutional trajectory of development. Emphasis is placed on determining the institutional causes of achievements and failures in the field of domestic higher education. An analysis of the target integrated function of assessing the quality of education and ways to modernize the educational process is offered.
It is emphasized that a significant number of initiated institutional reforms in the development of higher education in Ukraine have led to imperfect institutions and consequences when higher education does not meet current demands of the individual, society, economic needs and global trends.
Therefore, for the successful economic growth of Ukraine and ensuring its competitive and innovative prospects, the modernization of higher education must take place in direct connection with the transformation of the institutional environment. In turn, the quality of the institutional environment is determined by the efficiency of key institutions. However, we now have reasonable doubts as to whether Ukraine has the necessary institutional environment to modernize higher education that ensures sustainable economic growth and competitiveness. In essence, educational failures are the result of existing institutional disparities between formal and informal institutions. This is an obvious flaw of the government, which negatively affects the external effects of education in the country as a whole.

Keywords
institutional economy, higher education, formal and informal institutions, education modernization.

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