The article identifies the main shortcomings and fundamental foundations of the development of business education in Ukraine in the context of globalization and suggests ways to modernize this education, taking into account the advanced world experience.
In the concept of long-term socio-economic development of any country, it is important that the transition to an innovative, socially-oriented type of development is impossible without the formation of an appropriate institutional environment. One of the reasons for the low level of innovation activity at the present stage can be called by the fact that the previously carried out reforms, which radically changed the economic conditions of management in our country, almost did not touch the foundations of the old institutional model. At the same time, the institutional environment of the innovative economy is characterized by a developed competitive environment; favorable conditions for the massive emergence of new companies, including innovative sectors of the economy; the effectiveness of public administration and local self-government that meet the modern needs of socio-economic development. Education is undoubtedly one of the most important directions in the formation of an innovation-oriented institutional environment, both in the long and medium term. The creation of a business education system contains mechanisms for adapting this most important type of educational service to the constantly changing market requirements. At the same time, business education is a subject to globalization both as a part of the educational services market and as a basis for the further development of transnational business and global capital.
Of course, both vocational education in general and business education as an integral part of it are the most important factors of economic growth and socio-economic development at the present stage of transition to an innovative type of economy. At the moment, business education must be considered as one of the key elements of the innovation infrastructure. The sphere of business education, in turn, is also an object of organizational innovations, focused primarily on the formation of a business education system, increasing the efficiency of interaction between subjects of the business education market at the international, national and regional levels
