Higher education is growing rapidly, and becoming a veritable global sector in its own right. That means challenges for educators, students and policy makers.
If higher education were an industry, it would be one of the world’s biggest and most dynamic. Take these numbers for the UK, for instance. The total revenue earned by universities there amounted to £23.4 billion (US$43 billion) in 2007/08, according to a report by Universities UK. This was comparable in gross output terms to the printing and publishing industry, and considerably larger than the pharmaceuticals industry.
Via Dr Vangelis Tsiligiris