In two decades, Creative destruction would cause University and Institutional incomes around the world to fall by 30%, 700 Universities world over would get shut down and the rest would need to reinvent themselves..
The poor responsibility of the teaching faculty who have a safe and secure job for life, makes many a student migrate to private Institutions where even though one pays a bit more, there is accountability on the teaching faculty to ensure an environment nourishing and intellectually enriching for the students. The migration of quality, experienced staff from government funded institutions to private institutions on promise of high pay and perks, have forced many of the best faculty to move out taking with them bright students too. This move away from subsidised government funded higher education to private education is quite disturbing in higher education as this is bound to drive up costs of higher education in the developing countries too.
MIT, Princeton, Stanford, Caltech etc are good examples of the same even in US, not to mention of countries like India where Manipal group, Amity, Alliance, SRM, VIT private Universities are surging ahead of government run institutions.
Technology is going to be the third greatest disrupting factor in the global education scenario. The new media of education is going to be over the Internet. Like MOOC ( Massive Open Online Courses) have started giving students from across geographical boundaries a cheap and effective way to assimilate knowledge and earn credits and degrees, innovation coming from across the world will see new means of getting knowledge and accumulating credits.
The link on Battushig ..
Better be prepared by indulging in this innovative experience than be left out..