The international Higher Education market continues to grow in strength. According to The Pie China is ‘well on its way of achieving its goal of hosting 500,000 international students by 2020’. In 2016 there was an 11% growth on the previous year, with Korea sending the most students, following by the US and Thailand.
There are still new players coming into the market looking for ways to expand their own systems and attract more international institutions. One example is Thailand which has just announced its willingness to open up to foreign higher institutions. There must not be conflict with existing Thai institutions or courses run by them, but this is an essential way to deliver ‘Thailand 4.0’ according to Education Minister Teerakiat Jareonsettasin. Whether this takes off or not is yet to be seen, but according to Kim Morrison, CEO of Grok Global education, she believes if ‘Thailand remains politically stable, a Thai campus may be an interesting option for the right institution.’
On the other side of the globe, the HE system is witnessing a number trends from a domestic perspective according to the Washington Post, which need to be considered as a whole across the sector. Summarising the impact of three trends – greater rich/poor divide; small colleges struggling with debt; and public universities acting like private institutions – it highlights the impact of many struggling to access higher education and the consensus that there is a ‘need for change’ and both sides working together to address it.
Jeffrey Selingo, writer and blogger, cites new a new survey of university deans in the US, in which over half believe their institutions to still be among the ‘best in the world’ and represents ‘good value for money’. However, over two thirds do acknowledge that their institutions will look very different in the next decade and for a third the pace of change is too slow.