Internationalization of Tertiary Education Services in Singapore
Abstractï»¿This paper traces the development of the education sector from its nascent stage of serving economic development needs to the internationalization stage of fulfilling Singaporeâ€™s aspiration to be a global education hub. The state plays an important role in guiding and fostering development of the education sector in the creation and production of human capital for domestic production as well as cross-border trading to generate income and employment, and attract talent to the economy. Regional trading agreements can play a facilitating role for internationalization of higher education services, especially when commitments under the General Agreement on Trade in Services (GATS) are weak. Private education enterprises need no less regulatory measures than other economic sectors to function properly in the market economyâ€”to add value, assure quality services, and yield benefits for education services purchasers.
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series Labor Economics Working Papers with number 23349.
Date of creation: Oct 2012
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Tertiary Education Services; Singapore; GATS; education sector; Human Capital; Private education; Regional trading agreements;
Find related papers by JEL classification:
- F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
- I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
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