The Economist gives a short review of the Bologna process and explains how it will inevitably increase competition in Europe. But for ‘Old Europe’ (as the Economist likes to call it) this requires more than just some structural changes:

“The more hidebound European universities must be wondering what on earth they have started. Self-interest has prodded them to think about students as customers: both wealthy foreign ones, and bright locals tempted to finish their studies overseas. Governments have realised they could save money if their universities made students study a bit more briskly, gaining degrees and entering the workforce earlier. Universities are beginning to compete for the brightest and best European exchange students too. But that’s the problem with trying to become competitive. Before you know it, you may find yourself having to compete.”

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