Supply and demand in higher education

It might still be an international market with stiff barriers, but higher education is definitely becoming more competitive. The U.S., traditionally dominate, has been losing market share due to increased competition from the rest of the world. A new report from the Council of Graduate Schools drives home the point. While the number of international graduate students continues to increase globally, the U.S. has seen a slowdown in applications from the rest of the world:

Growth from India in particular dropped off steeply, from 12 percent to 2 percent. While it may not bode well for American universities, the increasing competition in the international education market will certainly increase the options open to aspiring businessmen and scientists from the developing world.