The global higher education market

The last edition of the Economist in 2008 included an interesting article on the growth of international education. International education has witnessed an enormous growth in the past decade, a growth that comes with risks and benefits for both developed and developing countries.

The 20th century saw a surge in higher education; in the early 21st century, the idea of going abroad to study has become thinkable for ordinary students. In 2006, the most recent year for which figures are available, nearly 3m were enrolled in higher education institutions outside their own countries, a rise of more than 50% since 2000.

The article emphasises the risks of international education, illustrated by the examples of Australia and the UK as receiving countries (the risks of over-commercialisation) and China as one of the main sending countries (the risks of brain drain). But fortunately, the benefits of international education education are not neglected. Read the rest of the article here.

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