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participation of Ukrainian students in Erasmus+ is increasing, although 
opportunities are still not used in full [18]. 
In 2014-2020, more than 2 Mio students from around the world, 
including 115,000 from non-EU countries, are expected to benefit from 
Erasmus+. The budget of the program is 14 billion Euro. With its 
increasing popularity, it is expected that the number of Ukrainian 
participants will constantly increase and cooperation between Ukrainian 
and European Union HEIs will strengthen [4]. 
Although educational migration from Ukraine is less in volume than 
the labor one, it plays an important and challenging role in socio-
economic development of host and sending countries. Educational 
migration is a significant factor of the global redistribution of 
intellectual and labor resources in favor of developed host countries, as 
it provides significant investments in the national economy of recipient 
countries, including education system, consumption of goods and 
services. At the same time, in sending countries, including Ukraine, it 
causes aging of population and deterioration of labor resource potential, 
“brain drain”, thereby weakening economic security of a state. Because 
of educational migration and general decrease in the number of 
secondary school leavers, Ukrainian HE is already faced with a 
significant imbalance between demand and supply at the market of 
higher education. 
Conclusions. Education is fundamental to development and growth 
of every country. Low competitiveness of Ukrainian education system 
due to corruption, excessive hierarchy and bureaucracy, lack of 
universities real autonomy, outdated teaching and research methods, low 
motivation of HEIs‟ staff etc. causes intensive educational migration 
from the country and requires cardinal and consistent reforms. While 
experience and advice of foreign partners are welcomed, the reform of 
the Ukrainian HE is entirely within the sphere of internal state 
responsibility. 
State policy in the field of HE development should aim at radical 
transformation in order to achieve the world quality level of services. 
The Ministry of Education and Science of Ukraine should become the 
subject of ensuring the quality of education and retain the role of the 
state funding distribution controller. It is necessary to provide full 

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autonomy of HEIs, which will enable them to develop faster and more 
qualitatively. Ukrainian HEIs should actively participate in the world 
educational and research processes learning from the best experience. 
Consequently, the main goal of the education – improving the 
intellectual and labor potential of the nation – will be implemented. 
However, for all these changes, political will and determination are 
needed.