Abstract
The study of economic-managerial problems of higher education has the special importance for the effective functioning and management of the society and the state because without researching mentioned problems it will be impossible to solve these problems. When thinking about finding the ways to rectify the situation, we encounter two major issues: financial and substantive. In order to improve the quality of higher education, along with increasing funding, it is important to know where and how increased funding will be spent. In my opinion, at least three conditions are required to increase quality: internationalization, standardization and hierarchization of education. Internationalization implies the need to integrate the Georgian higher education system into the international educational space. For this, the teaching process needs to be closer to the international standards. One of the important components of higher education reform is the hierarchization, division of areas according to the priority. This implies not only assessing the level of existing academic staff but also identification areas where a small developing country can offer a student international level education. The article offers recommendations about the ways to solve the economic-managerial problems of higher education. Keywords: Education, economic-managerial problems, state, efficient functioning, management.
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