, Volume 41, Issue 1, pp 5-8
Date: 25 Mar 2011

Introduction

This is an excerpt from the content

Higher education is a driving force in today’s knowledge economy. It provides labour markets with a skilled, qualified labour force that can contribute to economic development and is therefore an indicator of a country’s development level. Investing in higher education enables developing countries to catch up with the developed world and to compete in the international arena.

In an era of globalization, innovation, and competition, the wealth and prosperity of countries are highly dependent on the quantity and quality of their human capital. In this context, only countries with skilled workers will be able to reap the benefits of globalization. Developing countries are challenged because of the quality of their higher education systems. To transform these challenges into opportunities, they will have to balance both the quantity and quality of education to eventually generate a graduate mix that both meets the needs of the labour market and helps the nation develop economically.