The most powerful indicator of the impact of global education is the growth in students crossing borders for education. That number has grown from 2 million in 2000 to over 4.1 million in 2013, with projections of ‘well over’ 7 million students by 2025. The US is home to the largest share of foreign students and is the country with the greatest capacity for total growth. Research published by NAFSA, shows international students contributed more than $30.5 billion to the U.S. economy in the 2014-2015 academic year, resulting in more than 373,000 jobs and providing new vitality for American education institutions that are seeing demographic shifts limiting their domestic opportunities.
It is not surprising that, over the past decade, mission statements of U.S. institutions have increasingly positioned global and international objectives at the center. Objectives now cover the entire range of institutional activity, from global experiential education, to international student recruitment, global alumni relations, global work placement, cross-border research, and institutional and corporate collaborations. In college towns across America, such international efforts are key to future economic development as well.
A 2012 survey by the American Council on Education found that 93 percent of doctoral, 84 percent of master’s, 78 percent of baccalaureate, and approximately 50 percent of associate and special focus institutions indicated that internationalization on their campuses had accelerated over the previous three years. This mirrors trends across the English-speaking world as schools, colleges and universities from Canada, the United Kingdom and Australia are becoming dependent on international activity for their future success.
As the number of college-aged and capable students declines in the US, institutions face a future of mergers, downsizing or even closure unless they can capitalize on international opportunities. For years, universities have chosen to let their faculty develop their own research and academic collaboration and these efforts need to be expanded and additional stakeholders brought to the table. While that presents exciting opportunities for institutions, it cries out for better management which is where Academic Assembly comes in.
Please click “Who We Are, How We Work” to understand how we can help you succeed internationally. We also welcome you to check out our resources page to give you more insight into the opportunities and challenges of going international.