Education is one of the major linchpins of economic, social and political development of any nation. Recent evidence suggests that higher education can produce both public and private benefits. Thus, the role of the state in making education policy, and funding education is indeed critical, and cannot be left to be determined by market forces…

In accordance with the education policy which puts human capital at its heart, higher education is expected to produce marketable competent professionals in response to the needs of an expansive knowledge-based economy. In one reading, to support competitive knowledge-based economy, higher education students should graduate as young and fast as…

After reaching a low point in 2012, state investment in higher education increased for the second year in a row in 2014--something that had not happened since the Great Recession of 2008 began. With greater stability in some, though certainly not all, state budgets, many Western legislatures in 2014 looked for new ways to contain college costs for…

Across the last decade, master's degree attainment has grown dramatically in the United States, as bachelor's degrees have become more common and economic growth has been driven by knowledge industries. A significant value and purpose of degrees is their use as qualifications for jobs. Despite the prominence of degrees in the hiring process, why…

The United States of America has seen a decline in the number of individuals pursuing degrees in science, technology, engineering, and mathematics or STEM. With an understanding that in order to stay competitive in the global economy, the United States must enhance its pipeline towards STEM disciplines. Schools must find a way to motivate and…

In the modern knowledge economy universities are being required to operate more entrepreneurially, commercializing the results of their research and spinning out new ventures. The literature on the Triple Helix model (of academic-industry-government relations) is outlined, emphasizing--as does the model--the enhanced role that the modern…

Who, rather than what, decides what giftedness is? The academic world traditionally focuses on theoretical descriptors whereas society as a whole is more interested in practical function. This partly divided focus is becoming increasingly critical and problematic as economies are becoming global and the political objective is to create a knowledge…

This study examines the trends in the Mincerian rates of return (MRRs) to education in urban China between 1989 and 2009 using two sources of data: the China Urban Household Survey and the China Health and Nutrition Survey, and attempts to explain the underlying causes of the trends. The authors find that while the rates of return to education had…

The role of universities is changing. In the last century the primary focus of universities was on education and research, with the key goals of creating and diffusing information and knowledge. A third and equally important role is now emerging, with its accompanying expectations and responsibilities -- that of value creation. "Value"…

The article explores the role of intellectual capital in the development of higher education system. The description of economic and marketing values of intellectual capital demonstrates its importance for an institution's establishing in education market. Import and export of intellectual capital is a reality of globalisation processes, and it is…

University-industry (U-I) linkage is not a new concept. Although there are models for such linkage that have been tested or used, they may remain unsuitable in certain countries and communities. With the unique situation of the Palestinians, the existing models may fall short of meeting the specific needs and targets of establishing such a…

The aim of this study was to investigate the question of whether or not the gap between rural and urban workforce outcomes is reduced with investment in human capital and training conducted by community colleges. In this study, rural and urban differences in employment rate, employment retention, and wage gain after receiving training were…

As the 21st century unfolds, the pace of change in the world is accelerating. Teachers and administrators must lead the cultural shift required to ensure their students can survive and thrive in the changing world. In Teaching & Assessing 21st Century Skills the authors present a model of instruction and assessment based on a combination of…

Malaysia has evolved from a production-based to knowledge-based economy in order to stay relevant and compete in the global marketplace. Thus, the purpose of this article is to discuss current trends in Malaysian higher education and how these affect education policies and practices. Four main trends are discussed in this study: Globalization,…

Global rankings constitute a powerful instrument for the positioning of universities in the world educational space. Institutions that are included on the list of the top five hundred get financial support from the state and from business structures; they attract the best instructors and professors from all over the world. In recognition of this,…