Dive Brief:
- The Confederation of British Industry has released a report calling for increased partnership between the United Kingdom and China in the aftermath of the Brexit referendum.
- The report says that nearly 20% of students enrolled at British universities are from China, a pipeline which could help to bolster innovation in research and business between the two nations.
- The recommendations closely model similar efforts made in the United States with countries like Cuba and China, with the hopes of boosting international relations and progress.
Dive Insight:
In an increasingly global economy, colleges which are not recruiting and enrolling students from around the world are missing vast opportunities in research, development and potential fundraising opportunities. Even smaller institutions are using programs like study abroad and faculty exchange to broaden their knowledge in key areas like public health and engineering.
Moreover, with higher education costs rising and the competition for recruiting out-of-state students becoming more fierce, internationally-funded student tuition helps institutions offer tuition discounts and subsidize need-based aid for lower-income students.