Developing education as an opportunity for medium-developed countries in the context of innovative revolution: a case of Ukraine

The article defines the role of education as a resource for development for countries with transient economies based on the analysis of Ukraine’s educational potential, and their involvement in international innovation process. It also deals with the advantages of education, compared to other segments of economy, which allows such countries to participate in the innovative revolution. In this research we analyzed international comparative data to reveal the weak and strong points of Ukrainian education and consequently to offer means of improving its effectiveness and competitiveness for revealing properly its potential