Higher education is a good and industry like any other. In the global economy, economic models indicate that countries should attempt to specialize in industries where they have a comparative advantage, basically for the purpose of adding and receiving the most value in the world. If we treat higher education as an industry, and a country has a comparative disadvantage in that industry, then that country should phase out its supply of that good, or at least not make it a focus of attention. Therefore, not every country should seek to compete in the international university game; only those with a comparative advantage in this industry should.
Comment & Debate