Study Abroad and the Impact on the Labor Market (original) (raw)
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How Study Abroad Supports Graduate Employability
We’ve recently witnessed a spate of new books authored by policy wonks which aim to re-examine the mission of the university in the United States and whether we need to “unbundle” how we educate students (innovate how students learn). Their titles are provocative like, The End of College, and they consider the tremendous burden of rising tuition and debt which burden large numbers of students and their families. Although we’ve left the worst of the 2008 recession behind us –especially with a sharp rebound in the unemployment figures which always favor job seekers with college diplomas – there is a lot of attention being given to new thinking regarding the linkage of higher education to the global workforce and the so-called “return on investment” of a college education.
Examining Factors Responsible for Students’ Choice to Study or Work Abroad
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Globalization and internationalization has an intense impact on the students' inclination towards the foreign environment. This research paper focuses on the factors influencing the decision of students to study or work abroad. The factors examined are: level of general knowledge (GK), attraction towards foreign study and work (AT), familiarity with the foreign environment (FM), business informative questions (BA) and repulsive factors that hold him back or create negative image of foreign society (RP). The study is conducted on 201 Saudi male undergraduate students of the Jazan University, Jazan, KSA. The result shows the propensity of students towards the foreign environment. The findings can be generalized to the majority of areas and could be used to create more focused mindset of the students for better prospects.
The economic impacts of international student mobility in the globalization process 1
Globalization, which has various effects on economic, financial, political, sociological and cultural developments, also influences the field of education. One of the outcomes that arise due to the effects of globalization is related to the increase in international student mobility. This has paved the way for the emergence of a new market area in which international students are regarded as a source of income. Purpose of this study is to examine the economic impacts of international student mobility in the globalization process. The document analysis is used in the study. In this study, the data analysis consists of three parts. The first part is about the cost of international education while the second part explicates the economic impacts of international student mobility. Finally, the third part reviews policies aimed at increasing the number of international students. According to the information obtained from this study international students provide significant revenue to the economy of their host country by bearing the cost of tuition fees and non-educational expenses as well as by contributing to the production of knowledge and technology.
The Economic Impacts of International Student Mobility in the Globalization Process
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Globalization, which has various effects on economic, financial, political, sociological and cultural developments, also influences the field of education. One of the outcomes that arise due to the effects of globalization is related to the increase in international student mobility. This has paved the way for the emergence of a new market area in which international students are regarded as a source of income. Purpose of this study is to examine the economic impacts of international student mobility in the globalization process. The document analysis is used in the study. In this study, the data analysis consists of three parts. The first part is about the cost of international education while the second part explicates the economic impacts of international student mobility. Finally, the third part reviews policies aimed at increasing the number of international students. According to the information obtained from this study international students provide significant revenue to the economy of their host country by bearing the cost of tuition fees and non-educational expenses as well as by contributing to the production of knowledge and technology.
Demography, Migration and Demand for International Students
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PECC/APRU-commissioned volume on international student flows, for academic publication Canada-Singapore 1. Demographic Shift and the 'Looming War for Skills' Striking demographic shifts are underway in developed nations, where fertility decline is fuelling interest in and competition for high-skilled migrants. According to the Chief Economist of the OECD in 2005, 'Over the next couple of decades nothing will impact on (member) economies more profoundly than demographic trends and, chief among them, ageing' (Cotis 2005, p. 1). Within a generation, select OECD nations are at risk of contracting by a third, with severe productivity implications. The majority of members have fertility rates below replacement level (for example Australia at 1.8, the UK at 1.8, and Canada at 1.5), with labour market impacts set to be intensified by 'baby boomer' retirements. Countries with traditionally high birth rates are contracting (Mexico to 2.2), while others are approaching free-fall (Japan, Germany, Italy, Spain, the Czech Republic at 1.3, and the Republic of Korea at 1.1) (OECD 2007). This 'fertility revolution' is being replicated across Asia, where overall population growth is predicted to halve from 2.1 to 1.0. The process is well underway: Indonesia's fertility reducing from 5.1 to 2.4 between 1970 and 2006, China's from 4.9 to 1.6 (0.9 in Shanghai), and Thailand's from 5.0 to 1.7 (Hugo 2007). Within this context, international students represent an increasingly attractive human resource to governments and employers, with the decision to study overseas often a symbolic first step in global career formation (Salt and Millar 2007).
16 th International Scientific Conference Globalization and Its Socio-Economic Consequences University of Zilina, The Faculty of Operation and Economics of Transport and Communication, Department of Economics 5 th – 6 th October 2016, 2016
The globalisation and integration processes greatly facilitate the international mobility of university students. This paper examines the trends in students' mobility within the EU and its potential effect on employment of university graduates in the EU countries. We assume that more international experience of students during their studies could improve their practical skills which could further lead to better employability of graduates on average. We are focused especially on countries' openness to the international mobility of students expressed as the sum of students arriving in the country and those studying in another EU country. The paper is mostly empirically oriented using panel data for 28 EU member states in the period 2000-2012. We firstly applied fixed effects regression in order to capture potential short-run effects. In the second stage we used panel cointegration techniques in order to test potential causality between selected variables in the long-run. We found relatively strong evidence that the openness of the country with respect to students' exchange (both inward and outward) could have a positive effect on employment of graduates. This seems to be especially true in the long-run. Thus, the international mobility of students seems to be beneficial in respect of increasing overall employment rate of university graduates in the long-run.