THE CHANGING ECONOMICS OF GLOBAL HIGHER EDUCATION

Education across international borders is viewed as a crucial economic outcome of globalization. Economic considerations related to international competitiveness have become a significant driving strength supporting the internationalization of learning. The argument that education is a major driver of economic competitiveness in an increasingly knowledge-driven global economy is now widely accepted. Educational attainment affects local and global competitiveness because 80 percent of new jobs created in the global knowledge driven economy will require advanced education.