Talent & Education

Higher education in the 21st century

March 25, 2014

Global

March 25, 2014

Global
Our Editors

The Economist Intelligence Unit

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Key Findings

  • Institutions are courting new student populations. Global visibility has become a top priority for colleges and universities, with expansion abroad a key goal for many. Thirty-three percent of the higher-education institutions polled say they are increasing their recruiting of international students, targeting a rapidly growing global middle class.
  • Creative financing is needed to balance shrinking budgets. Fifty-one percent of survey respondents say that reduced government subsidies have negatively or somewhat negatively affected their institutions’ financial standing; 40% cite the shrinking availability of research grants. Especially in the US and UK, sustainability will depend on rigorous cost-cutting in tandem with finding new sources of revenue
  • Online learning is the new frontier. Today’s institutions of higher learning have high hopes for technology-based delivery of instruction. Sixty-one percent of survey respondents say that they believe online and distance courses will have the greatest effect on how higher education is delivered in the next five years.

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