1. “the perfect storm”... the implications ahead for global higher education

2. The six converging forces of change Importance of Knowledge Globalization Increased Competition Internationalization The I.C.T. Revolution Financing

3. Importance of Knowledge Driver of economic development Appropriate regulations & frameworks Education and training systems Lifelong learning systems – different shapes & contexts State is more ‘the enabler’ – less ‘the controller’ Incentives for private sector participation New kinds of learners

4. Impact of Globalization Global market for higher education and training – and emergence of global labor market Demand for internationally recognized qualifications National & Foreign providers – filling demand gap GATS – equal treatment of national & foreign providers – other issues not resolved Appropriate structures / frameworks can help preserve country-specific culture & education

5. Impact of Increasing Competition Natural result of globalization Emergence of new providers Borderless education models New structures – different culture – realities of global marketplace

6. Internationalization Faculty exchange / Student exchange Preparing students for a new global world New types of knowledge and skills required More adaptable global workforce Local and international affiliations – recognize needs of the other – discover points of commonality and areas of difference – identify areas of compatibility – develop common curriculum strategies

7. The I.C.T. Revolution Use of ICT’s – still the beginning of the beginning Demand for employees with higher order skills – capable of attaining new skills constantly Technology changing pedagogy – opportunity to expand access Can supplement traditional modes of instruction Growing effectiveness in uses of ICT’s – will advance delivery models Governments fostering greater creativity in distribution models

8. Financing Same as changes affecting global markets Fiscal constraints, funding uncertainty, rising costs – HEI’s more innovative – need to make up funding shortfalls Financial burden shifting more to institution level – tuition fees or similar charges Exec Dvp Programs – other professional programs – prove lucrative HEI’s – stronger financing links with the private sector – and with corporate training sub-sector

9. Will the System... Accommodate Lifelong Learning Address system / processes for quality improvement Flexibility to accommodate new types of learners Serve growing demand for skilled labor Enable HEI’s to be more responsive to increased competition from foreign institutions – resident and distance Provide regulatory framework to mobilize private sector investment and participation – financing and provision – incentivize private sector to train the workforce Accommodate transferability of students & ‘certified’ credits across higher education – state / national / international

10. Constructing Knowledge Societies: New Challenges for Tertiary Education Lifelong Learning in the Global Knowledge Economy: Challenges for Developing Countries http://www.worldbank.org/education Korea and the Knowledge-based Economy: Making the Transition China and the Knowledge Economy: Seizing The 21 st Century K4D Community http://www.K4DCommunity.org Sources: World Bank Publications

11. ….the perfect storm …