One aspect of the process of globalisation in recent years has been the increase in the number of students travelling abroad to complete their education. Although a number of university campuses around the world have seen significant numbers of overseas students since the 1950s, in recent years the numbers have climbed to far higher levels. In 2006 it was estimated by the OECD that there were nearly three million tertiary education students studying aboard and that this number could reach five million by the year 2020. This globalisation of education has meant that increasingly those countries whose higher education institutions are most dependent on overseas students are becoming exposed to risks historically associated with engagement in international trade. Indeed in a number of countries there are universities that have become very dependent upon attracting overseas students to maintain their funding levels. The purpose of this study is to review this process of the globalisation of higher education and the associated risks faced by higher education institutions when they attempt to attract students from other countries. Finally a direction of movement of these two industries has been examined. The study found that although the rate of globalisation of education is much faster than it was expected, the risks faced by institutions are also increasing. Findings of the study may be of interest of policy makers, educationists and researchers.
Ershad Ali, Auckland Institute Of Studies St Helens, New Zealand
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