The paper elaborates the peculiarities of prospective international economists' competence formation. The research was aimed at the analysis of the formation of students' professional qualities within the context of globalization challenges. This study was carried out in 2018-2020. The research site is the West Ukrainian National University. The authors stressed on the need to select creative assignments for oral and written exercises to enhance students to apply the acquired knowledge and stimulate their mental activity via reviewing, projects preparation, text editing, and creative assignments. The authors specified the system of basic concepts. Based on the above, the authors substantiated the need to form professional communication skills, learn the professional language peculiarities, develop the language culture, creative thinking, and successful functioning of individuals in a multicultural environment. Additionally, the research identified a number of unsolved issues in teaching students. These are the need for a broad discussion on the benefits and disadvantages of distance learning, the rational use of ICT, specialized sets of trainings, methodological support system update, language didactics development, and organization of the educational process during the pandemic.