Dons are the new demon exporters
Improbable as it may seem, Britain’s economy has a new hero—its higher education institutions (HEIs). In recent years, the number of overseas students studying here has risen to the point where the higher education sector is a major exporter, outstripping even the fashionable cultural and media industries. The development vividly illustrates how the economy is changing and, in particular, the increasing importance of knowledge-based services.
A new paper by the Higher Education Policy Institute (HEPI) in Oxford tells the story. In 1992 there were only 95,900 full-time international students studying in Britain. Numbers began…
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