This paper is an attempt to analyze the contemporary phenomena affecting higher education. The main impact and dynamics of the innovative practices in the system of higher education are studied. The authors consider the process of globalization, the changing of supply and demand in higher education, and changes in funding of higher education as factors that have the most significant impact on the functioning of the world market of educational services, and determine the development and implementation of the innovative practices in the higher education system at the present stage of its development
Keywords: the system of higher education,
innovative practices,
globalization,
supply of and demand for higher education,
higher education fundingt.
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