China opens a new university every week and marches ahead in graduate education. China has outstripped the US and Europe in graduate numbers and the gap is growing wider with the building of the equivalent of almost one university per week. The report by Andreas Schleicher, OECD Education Director, reveals this and much more. A silent revolution has literally caused a tectonic shift in the composition of the world’s population of graduates. For decades, the United States dominated the graduate market with the highest proportion of people going to university. Among 55 to 64 year old’s in the world’s major economies, almost a third of all graduates are US citizens reflecting its supremacy but things are changing fast. China has overtaken the United States and the combined university systems of European Union countries in producing graduates; gradually moving from cheap production to an economy of high skills.
China opens a new university every week
This educational gap is widening by the day as modest predictions see the number of 25 to 34-year-old graduates in China rising further by 300% by 2030, compared with 30% expected increase in Europe and the United States. In the United States, students have been struggling to afford university costs. In most of the European countries expansion of universities has been stalled as government neither makes public investments nor allows universities to raise money themselves. As West rested on its laurels, China, India, and other Asian countries raced ahead not only in quantitative but also qualitative parameters. Students in China and India take to Stem (science, technology, engineering, and maths) – the subjects which are most relevant to innovation and technological advance. Top 25 Asian Universities for Employability Today. What’s do you think is the best university name in Asia to put on your job application?
China continuing open new universities every month
Today, countries like China and India are delivering high skills at a moderate cost that the West cannot compete. There are a plethora of examples of European countries stagnating over the past century by trying to keep the rest of the world out of their economic systems. The massive investment in education in Asia suggests competition through lower production costs may be merely a transitional strategy for countries on their way to meeting the Western world at the top of the product range. The real challenge for Western countries is to prepare for future competition with Asian economies in the knowledge sector. The quality and relevance of the degrees earned in China may be doubted but it has shown the world how it is possible to simultaneously raise quantity and quality in education supported by a rapid change in its economic identity.
Original Source: BBC News