Globalization of knowledge

The impact of global financial crisis on the West will help Asia, especially China, rise in the field of higher education

he impact of the global financial crisis on public finances in the West has been devastating and will be felt at least over the next decade. Recession is changing lives on a scale not seen in a long time and unemployment, especially among young people, can have tragic consequences.

But what does this mean for the globalization of higher education? Will the fallout from the crisis halt the process or will the dynamism of Asia, especially China, be sufficient to sustain it?